Running Towards Adversity with Mark Steed, CIO of Arizona PSPRS
Mark Steed, Chief Investment Officer for the Arizona Public Safety Personnel Retirement System shares his journey from an intern to the Plan’s CIO. The Arizona Public Safety Personnel Retirement System provides a uniform, consistent and equitable statewide retirement program for Arizona’s public safety personnel. PSPRS provides retirement benefits and programs to nearly 60,000 active members, retired members and surviving beneficiaries, and to more than 300 employer groups (municipalities, agencies, and districts) throughout the state. Mark has played an instrumental role in transforming the Plan’s $17 billion in investments from a traditional, stock-heavy portfolio to a modern, highly diversified set of investments built to withstand market volatility while delivering significant returns. Mark shares his approach to manager sourcing, due diligence, selection, and how he and his team consider asset allocation decisions. Watch and listen to this special episode where Mark shares his personal and professional mission that helps him think differently about the investment industry.