Thomas Williams, CFA, CAIA
Deputy Chief Investment Officer at San Diego County Employees Retirement Association- Claim this Profile
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Bio
Credentials
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Chartered Alternative Investment Analyst
CAIA AssociationNov, 2018- Oct, 2024 -
Certificate in Investment Performance Measurement
CFA InstituteNov, 2017- Oct, 2024 -
Chartered Financial Analyst (CFA)
CFA InstituteJan, 2006- Oct, 2024
Experience
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San Diego County Employees Retirement Association
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United States
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Government Administration
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1 - 100 Employee
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Deputy Chief Investment Officer
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May 2016 - Present
Assist the Chief Investment Officer in all aspects of managing the $17 billion Trust Fund investment portfolio. Establish and implement portfolio asset allocations in accordance with the Board of Retirement’s Investment Policy Statement. Monitor portfolio transactions, cash flows, expenses and liquidity. Prepare reports on portfolio performance and investment management activities. Coordinate research of and review, selection and retention of investment managers. Monitor capital markets and economic forecasts, prepare and deliver reports on domestic and global economic situations to Board. Manage quantitative research projects. Work with custodial banks, investment managers and related parties to resolve operational issues. Worked with CIO to develop performance fee structures for active investment managers that reduced the investment fee run rate by 47 basis points. Show less
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City of San Diego
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United States
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Hospitals and Health Care
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Investment Officer
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Aug 2007 - May 2016
Served as portfolio manager for the $2 Billion City Treasurer’s Pooled Investment Fund and other bond construction and reserve funds. Worked with the Chief Investment Officer to develop investment policy and strategy. Presented investment policy to City Council annually. Wrote economic and portfolio commentary pieces for the quarterly investment report. Developed interest rate and interest earnings forecasts and revisions for the City’s annual budget. Performed credit analysis for City’s corporate debt and asset-backed security holdings. Assisted debt management department with the production of bond issuance documents and the issuance of new debt. Served as Chairperson of the City’s Defined Contribution Plan Trustee Board. Show less
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Arizona State Retirement System
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United States
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Government Administration
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100 - 200 Employee
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Portfolio Manager
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Mar 2005 - Aug 2007
Directed a $5.5 billion fixed income program, including direct management of a $2.2 billion total rate of return enhanced passive bond portfolio. Analyzed and traded US Treasuries, Agencies, Corporates, ABS, MBS, CMBS and derivatives for the internal portfolio. Provided oversight to four externally-managed active and enhanced passive bond portfolios. Built and managed relationships with external managers, investment consultants, broker/dealers and vendors. Developed and presented the annual fixed income asset class review to the Investment Committee and Board of Trustees. Oversaw and monitored the securities lending program, securities litigation program and proxy voting program. Assisted with research on asset allocation study, risk budgeting initiative, portable alpha strategies and opportunistic investment strategies. Show less
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Senior Portfolio Analyst
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Mar 2004 - Mar 2005
Assisted in all aspects of the day-to-day management of the fund. Produced daily asset allocation and cash position/futures exposure reports as well as the monthly reporting package to the Board of Trustees. Calculated month-end cash needs and coordinated funding from external manager accounts within broad asset allocation targets. Created trade tickets and provided reconciliation for all internal equity, fixed income and futures trades. Analyzed corporate action notices and recommended actions to portfolio managers. Assisted with the oversight of external equity, fixed income and global tactical asset allocation managers. Assisted with the production of the CAFR. Produced ad hoc reports for the Chief Investment Officer and presentations for Investment Committee and Board of Trustee meetings. Show less
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Charles Schwab
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United States
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Financial Services
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700 & Above Employee
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Trading Manager
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Apr 1999 - Mar 2004
Managed an institutional equity trading team within the Corporate Services division. Provided daily supervision of equity trades associated with stock option exercises. Coordinated large block trades with floor traders to ensure optimal client trade executions. Ensured compliance with audit standards and corporate trading procedures. Wrote monthly executive summaries for senior management, providing monthly statistics and trend analysis. Prepared employee performance appraisals and career development plans. Served as business project manager for several enhancements to the internet trading platform. Show less
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Registered Representative
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Mar 1995 - Apr 1999
Facilitated client trades in both the Stock Plan Services department as well as National Investor Services, placing trades and providing guidance on all security types. Served in a one-year assignment with the trade support team, reviewed daily risk trade blotter, performed trade price reconciliation, researched and resolved client trade disputes, and provided reporting and analysis to management. Assisted phone traders in placing complex option, equity, fixed income and mutual fund trades.
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Education
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1990 - 1994
University of Arizona
Bachelor of Science (BS), Accounting and Finance
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