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Joe Aguilar
Chief Investment Officer | Investor | Board Director
Joe Aguilar is the Chief Investment Officer for Illinois State Treasurer Michael W. Frerichs. He directs seven investment portfolios across public and private market investments, overseeing a combined $60 billion investment portfolio.1 His responsibilities include:
- Managing the Illinois Growth and Innovation Fund, a $1B impact investment fund
- Overseeing two 529 College Saving Plans
- Directing the State's Achieving a Better Life Experience program
- Managing Student Innovation Investments
- Overseeing the Infrastructure Development Account
- Managing the Secure Choice Retirement Savings Program
Aguilar leads all aspects of investment implementation, including developing processes and procedures, the Office's sustainable investment strategy, and selecting investment products and managers.1 He holds a B.S. in Finance and Business & Commerce from Aurora University and an M.S. in Finance from the University of Miami's Herbert Business School.1 Additionally, he serves as a Board Member and Chair of the Investment Committee for the Field Foundation of Illinois and is an Adjunct Professor at Aurora University.1
Recently, Aguilar posted about a new opportunity for an Investment Analyst to join their team, focusing on diversity and sustainability.2
Highlights
Last week we had the pleasure of hosting Gilbert Andrew Garcia and the team at GARCIA HAMILTON & ASSOCIATES, L.P. who proctored one of our monthly investment training series for staff.
We strive for continuous learning in all areas of our ever changing investment universe and it is important to ensure that we are not only sharing knowledge with our staff — but learning from some of the best investors in the world.
Thank you Team Garcia Hamilton!
Last week I had the pleasure to speak as a part of a CIO panel at the National Association of State Treasurers conference. Coming off a year where US growth was remarkably resilient and above trend, we discussed the need to decipher noise from signal and understand risks moving forward in an evolving macro landscape. With global fiscal measures exceeding $10T since 2020, rising geopolitical tensions, higher terminal rates, and a greater focus on liquidity, building resilient portfolios is top of mind for all allocators.
