Pacific Center for Asset Management



Chris Ailman“The investment world is evolving and changing more dramatically than in the past 30 years. From derivatives to securities, alternative business structures to invisible digital currencies, we need solid practical academic research now more than ever. The Pacific Center for Asset Management bridges the canyon between investment practitioner and academic research. As a long-term and massive global institutional investor, we need unbiased research and analysis. On the other side, academic research needs the critical questions and data. Long-term institutional investors have the data. PCAM brings us together and helps us further our efforts to secure the financial future of the generations to come.”

Chris Ailman, CIO CalSTRS and Chair of the PCAM Advisory Board


The Pacific Center for Asset Management (PCAM), created in 2019, has a mission that’s simple: Make asset-owner research topics mainstream in academic research

PCAM will bring sharp focus to the challenges faced by institutional investors – challenges such as finding the optimal investment strategy for retirees, implications of health economics and taxation, and investment implications of global warming or renewable energy - and work to integrate them into mainstream academic research. The center will provide asset owners with unbiased, in-depth research to assist in financial decision-making. To achieve this goal, PCAM has developed a unique dual strategy:

  • Provide state-of-the-art research on key topics of interest to asset owners
  • Facilitate the alignment of academic research agendas with the needs of asset owners

 We do this through funding independent research focused on questions raised by our advisory council comprised of influential asset owners (typically CIOs of large pension funds) and distinguished academics.

The center is co-directed by Michael Melvin, executive director of the Master of Finance program at the UC San Diego Rady School of Management, and Professor Graham Elliott from the Department of Economics. Joe Sturtevant is the PCAM managing director.

The launch of the Pacific Center for Asset Management was made possible through the generosity of the Kroner Family Foundation.

To learn more, please contact managing director Joe Sturtevant at