Brian McQuade, CFA, CAIA, CIPM
Brian joined the California Public Employees’ Retirement System as Portfolio Manager of Investment Compliance in November 2011 to help lead the establishment of a centralized investment management compliance function modeled after best practices in the private sector. Brian has worked in the investment management industry since 1994 and has a broad range of investment advisory and mutual fund experience within the areas of compliance, client service and performance reporting. Brian graduated from the University of Vermont with a B.S. degree in Business Administration (Accounting). He is President of the CFA Society Sacramento.
Immediate Past President
Dmitry Pevzner, CFA, CAIA
Dmitry Pevzner is an Investment Manager at the CalPERS Investment Office, responsible for the total portfolio market risk function. Prior to CalPERS, Dmitry worked at the World Bank Treasury and provided advisory services in the areas of asset allocation, portfolio construction, and risk management for World Bank’s global clients. Dmitry has also worked for Canadian and Eastern European investment management firms, including the Canada Pension Investment Board. He holds an MBA from York University, Toronto, Canada and a PhD in applied mathematics from Moscow State Technological University. Dmitry is a CFA and CAIA charterholder and serves as the Immediate Past President for the CFA Society Sacramento.
Wilbur Chan, PhD, CFA
Wilbur Chan is an Associate Investment Manager at CalPERS and a member of the Investment Risk and Performance group, where he performs analysis to provide transparency on individual portfolios and strategies within the context of the overall plan, helping to ensure that investment risks are intended, understood, and compensated. Prior to that, he was an Investment Officer in the Trust Level Portfolio Management group, where he performed research on strategic and tactical asset allocation, benchmark modeling, and portfolios rebalancing. Prior to that, Wilbur worked in the Quantitative and Research Group in the Fixed Income team at CalPERS. Wilbur received his PhD in Biomedical Engineering from McGill University in Montreal, Canada, and is a CFA charterholder. Wilbur is the Treasurer for the CFA Society Sacramento.
Vice PresidentRafael Garcia, CFA
Rafael Garcia is an Investment Manager over the Operational Risk team within Investment Compliance & Operational Risk (ICOR) Division. He is responsible for managing the Operating Events escalation process, overseeing the Investment Office’s Target Operating Model and risk assessment, overseeing Investment policy and IPPG governance, and leading divestment compliance activities. Rafael has been in various roles within the back and middle offices of the Investment office and prior to CalPERS, Rafael was an auditor for the California Bureau of State Audits. Rafael has a BA in Economics and Political Science from the University of California, Davis and is also a CFA charterholder. He serves as the Vice President for the CFA Society Sacramento.
Shifat Hasan, CFA, CMA
Shifat is the Director of Investment Performance and Compliance at the California State Teachers Retirement System (CalSTRS), the largest educator only pension plan in the world with over $228 billion in assets under management. Prior to moving to California state service, she worked for a Registered Investment Adviser (RIA), Crestone Capital in Boulder, Colorado, as their Portfolio Accounting Manager and led client performance and advisor related reporting. She has over 14 years of US investment industry experience. Shifat completed her MBA from Texas A&M Commerce, is a Certified Management Accountant. Shifat is the Secretary of the CFA Society Sacramento.
Jane C. Delfendahl, CFA
Jane Delfendahl is an Investment Director at CalPERS, managing real estate investments primarily in the international sector. Prior to CalPERS, Jane worked as a financial controller for Waste Management in Italy. She earned her MA from the Johns Hopkins University School of Advanced International Studies and a BS from UC Berkeley. Jane is a CFA charterholder and Programs Chair for the CFA Society Sacramento.
Nancy He, CFA, FRM, CAIA
Nancy Ying He is an Associate Investment Manager in Research and Strategy Group at CalPERS. She is responsible for the build-out of Total Fund Strategic and Active Asset Allocation research and participates in projects supporting the Total Fund Asset Liability modeling and implementation of the Strategic Asset Allocation. Nancy received an MBA from INSEAD as well as an M.S. in Physics from The Catholic University of America and a B.S. in Optoelectronics from Zhejiang University. In addition, she holds CFA, FRM, and CAIA professional certifications. Nancy is the Social Chair of the CFA Society Sacramento.
Tristan Hopkins, CFA
Tristan Hopkins is a co-founder and Managing Partner of Elm Grove Partners, a private investment firm based in Sacramento, CA, organized to acquire and operate companies in the lower-middle market. He also serves as President of ArcherHall, a company that provides digital forensics and e-discovery services to law firms, government agencies, and corporations. Tristan previously worked for the Pacific Investment Management Company (PIMCO), where he was focused on expanding its equities business. He has also worked for Goldman Sachs Asset Management on its Fundamental Equity Team. Tristan received a BS in Economics and Mathematics, cum laude, from Duke University and is a CFA charterholder. Tristan is Employer Outreach Chair of the CFA Society Sacramento.
Social Media Manager
David Karas is an Alternatives Investment Analyst at Mercer. He is involved with portfolio reporting, cash flow reconciliation, and fee validation related to fund managers focused on a broad range of private markets strategies. He earned an MBA from the University of Nebraska-Lincoln and a BA in Psychology and Business Administration from Nebraska Wesleyan University. David is a CFA charterholder and serves as the Social Media Manager for the CFA Society Sacramento.
Lan Liu, PhD, CFA
California State University, Sacramento
Lan Liu is an Associate Professor of Finance in the College of Business Administration at California State University, Sacramento. She received her PhD in finance and MSc in economics and finance from the University of Warwick in England. Her research interests include theoretical and empirical portfolio risk management and forecasting, portfolio performance evaluation and asset pricing anomalies. Lan is a CFA charterholder and serves as the University Outreach chair for the CFA Society Sacramento.
Andres Villegas, CFA
Goldenstone Wealth Management
Andres Villegas is a Co-founder and a Principal at Goldenstone Wealth Management - an independent investment management and advisory firm. He is an accomplished portfolio investment manager having served the wealth and investment management needs of families, businesses, and nonprofit organizations in California, Texas, and New Mexico. Previously, he was a Vice President and Investment Strategist at Wells Fargo Private Bank, (Wealth and Investment Management). Andres has also managed the investment portfolios for clients in Latin America. He earned an undergraduate degree in finance from The University of Texas at Austin, was invited and attended a business program at The University of Chicago Booth School of Business, and holds the Chartered Financial Analyst designation. Andres speaks Spanish fluently. He is the Membership chair for the CFA Society Sacramento.