Key Takeaways
- • CalPERS has hired June Kim as Deputy Chief Investment Officer for Public Markets, succeeding Dan Bienvenue, who left in April.
- • Kim moves from the California State Teachers' Retirement System (CalSTRS), where she was senior investment director of total fund management, with a move date of December 1 reported by one outlet.
- • Kim brings nearly three decades of investing experience, including roughly a decade as investment director of global equity at CalSTRS.
- • CalSTRS's fund was valued at $374.3 billion as of August 31, 2025, per CalPERS's supplemental biographical material.
Summary
The California Public Employees' Retirement System (CalPERS) has hired June Kim as its new Deputy Chief Investment Officer for Public Markets, according to multiple coverage of the appointment. Kim succeeds Dan Bienvenue, who left the role in April. One trade publication reported that Kim would make the move on December 1, though the reporting available does not confirm the start date from CalPERS directly.
Kim comes to CalPERS from the California State Teachers' Retirement System (CalSTRS), where she served as senior investment director of total fund management. CalSTRS announced her appointment to that role, and CalPERS materials describe her responsibilities there as overseeing asset allocation, balance sheet management, and investment risk across the fund, which was valued at $374.3 billion as of August 31, 2025. Before that, she spent 10 years as investment director of global equity at CalSTRS.
Kim has nearly three decades of investing experience. Earlier in her career she was head of equities at the Los Angeles County Employees Retirement Association and an investment officer for the City of Los Angeles. She also worked in the private sector at Northern Trust Global Investments, Citibank, Barclays Global Investors, and Wilshire Associates. She holds a business economics degree from UCLA and is a 2019 Finance Leaders Fellow of the Aspen Institute.
CalPERS's announcement describes Kim as joining the Investment Office's senior team, where she works with the chief investment officer and managing investment directors on portfolio decision-making. Her appointment fills a public markets leadership post at the largest U.S. public pension fund.
Kim comes to CalPERS from the California State Teachers' Retirement System (CalSTRS), where she served as senior investment director of total fund management. CalSTRS announced her appointment to that role, and CalPERS materials describe her responsibilities there as overseeing asset allocation, balance sheet management, and investment risk across the fund, which was valued at $374.3 billion as of August 31, 2025. Before that, she spent 10 years as investment director of global equity at CalSTRS.
Kim has nearly three decades of investing experience. Earlier in her career she was head of equities at the Los Angeles County Employees Retirement Association and an investment officer for the City of Los Angeles. She also worked in the private sector at Northern Trust Global Investments, Citibank, Barclays Global Investors, and Wilshire Associates. She holds a business economics degree from UCLA and is a 2019 Finance Leaders Fellow of the Aspen Institute.
CalPERS's announcement describes Kim as joining the Investment Office's senior team, where she works with the chief investment officer and managing investment directors on portfolio decision-making. Her appointment fills a public markets leadership post at the largest U.S. public pension fund.
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