In brief: CalPERS’ DE&I priorities

The new diversity head at CalPERS will be involved in manager selection and monitoring.

Last week we noted the appointment of Marlene Timberlake D’Adamo as the first chief diversity, equity and inclusion officer at the California Public Employees’ Retirement System. The pension has given some more detail on her to-do list.

In short, priority number one for Timberlake D’Adamo will be to implement the DE&I framework that was introduced in March. “This means focusing on the five themes that were identified: culture, talent development, investments, health equity and supplier diversity,” a spokeswoman for the pension told New Private Markets. The investment part includes manager selection and monitoring, as well as advocacy and engagement work, such as that done in partnership with ILPA.