Pacific Center for Asset Management

Many asset owners struggle to find independent, high quality research that addresses important issues they face. Although there is great interest in topics like finding the optimal investment strategy for retirees, implications of health economics and taxation, and investment implications of global warming or renewable energy, most asset owners don’t have the resources to investigate these issues themselves. The Pacific Center for Asset Management (PCAM) will bring sharp focus to these challenges and work to integrate them into mainstream academic research. PCAM 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

Benefits to Asset Owners

  • Guide academic research toward topics of importance to asset owners
  • Access to quality independent research on pertinent issues facing asset owners.
  • Enable faster adoption of academic research into industry practice.
  • Investigate specific topics of interest through the commissioning of high-quality, independent research.
  • Leverage asset owner staff by tackling large, complex projects in a more cost-effective manner than most asset owners can undertake in-house.

Benefits to Academic Members

  • Research that provides a meaningful, positive impact on society.
  • An opportunity to enhance a researcher’s academic reputation.
  • Financial support for relevant new research. Increased ability to fund post-doc scholars and graduate students.
  • Venue to present new research and receive feedback from industry experts.
  • Access to new and interesting data sets and tools.
  • Networking opportunities at industry conferences and events.

PCAM is housed at the Rady School of Management in collaboration with the Division of Social Sciences. The center is co-directed by Michael Melvin, executive director of the Master of Finance program at the Rady School, and Social Sciences Professor Graham Elliott, in the Department of Economics.

Advisory Council

The PCAM advisory council is comprised of influential asset owners (typically CIOs of large pension funds) and distinguished academics. The council comes together annually to discuss, debate and define the PCAM research agenda over the near future. The initial advisory council members from industry include: Chair, Chris Ailman of CalSTRS; Stefan Dunatov of BCI; Rodney June of LACERS; Molly Murphy of OCERS; Steve Sexauer of SDCERA; and Betty Tse of ACERA.

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

For information on becoming a PCAM member, please click on the links below and contact Monique Casellas at

Asset Managers Flyer