Join us at the Institutional Summer Retreat The California Public Employees’ Retirement System (CalPERS) has promoted Justin Scripps to managing investment director of global fixed income, effective July 1. He succeeds Arnie Phillips, who retired at the end of June. In his new role, Scripps will oversee CalPERS’ approximately $175B portfolio of investment-grade and high-yield corporate securities, foreign sovereign debt, securitized products and U.S. Treasuries.