March 29, 2017

Communications & Stakeholder Relations
(916) 795-3991
Brad W. Pacheco, Deputy Executive Officer
Wayne Davis, Chief, Office of Public Affairs
Contact: Megan White, Information Officer

SACRAMENTO, CA - The California Public Employees' Retirement System (CalPERS) has named Clinton L. Stevenson the investment director of the Investment Management Engagement Programs (IMEP).

Stevenson has more than 35 years in the investment industry including 30 years at the Ford Foundation, where he served as the director of Investment Administration. In addition, he founded a firm that advised not-for-profit institutions on the structure, management, and governance of their investment programs.

"Clint is a wonderful addition to CalPERS," said Ted Eliopoulos, CalPERS chief investment officer. "Manager evaluations, investment operations, and diversity and inclusion are all important components of our Investment Office. His depth of experience in each of these areas makes him the ideal fit to lead the Investment Management Engagement Programs."

In his new role, Stevenson will oversee IMEP (formerly Targeted Investment Programs) which provides coordination across all of CalPERS' asset classes. Specific areas of focus are emerging and transition managers, responsible contracting, California investment initiatives, and diversity and inclusion efforts. The program is also responsible for the external manager monitoring and evaluation processes.

Stevenson holds both a masters in economics and an MBA from Stanford University.

For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 1.8 million members in the CalPERS retirement system and administers benefits for more than 1.4 million members and their families in our health program, making us the largest defined-benefit public pension in the U.S. CalPERS' total fund market value currently stands at approximately $312 billion. For more information, visit

2017 CalPERS and CalSTRS Diversity Forum

We're bringing together investment and corporate executives to discuss how to better capitalize on the abilities of the diverse modern workforce. Join CalPERS and CalSTRS at this year's Diversity Forum, an all-day event on May 10, 2017 in Sacramento.