CalPERS Promotes Justin Scripps as Managing Investment Director for Fixed Income

June 30, 2026

Communications & Stakeholder Relations
Office of Public Affairs
(916) 795-3991 - [email protected]

SACRAMENTO, Calif. - The California Public Employees' Retirement System (CalPERS) today announced the promotion of Justin Scripps to managing investment director for global fixed income. A member of the CalPERS investment team for nearly two decades, Scripps most recently served as an investment director in private debt, where he managed investments in asset-based finance, direct lending, and specialty lending.

"Justin's experience, his ability to collaborate across the investment office, and his proven track record of success have earned him this opportunity," said Chief Investment Officer Stephen Gilmore. "In addition, Justin's leadership and insight will help guide our fixed income team as CalPERS transitions to a Total Portfolio Approach."

As the managing investment director of global fixed income, Scripps will be responsible for managing CalPERS' approximately $175 billion portfolio of investment-grade and high-yield corporate securities, foreign sovereign debt, securitized products, and U.S. Treasuries.

"Justin has worked across the organization through the years, and he will bring a wealth of knowledge to his new role," said June Kim, CalPERS' Deputy Chief Investment Officer for Capital Markets. "Our members will benefit from Justin's experience and his deeply rooted commitment to serving those who have served California."

Scripps joined the CalPERS structured securities team in global fixed income in 2008. He began actively managing securitized debt portfolios in 2011 and became head of the structured securities team in 2018. Scripps graduated from Stanford University with a bachelor's degree in economics and international relations. He received a Master of Business Administration from the University of California, Davis, with a focus in finance and accounting. Scripps also holds the Chartered Financial Analyst designation.

Scripps will assume his new role on July 1. He replaces Arnie Phillips, who retired at the end of June.

About CalPERS

CalPERS is the largest defined-benefit public pension in the U.S., with 2.4 million members. Since 1932, CalPERS has provided retirement security for state, school, and public agency employees who invest their life's work in public service. In 1962, CalPERS expanded its services to include health benefits and now offers quality health plan coverage for more than 1.5 million members and their families. For more information, visit https://www.calpers.ca.gov.