Our guest for today’s podcast is Jon Grabel, CIO of the Los Angeles County Employees Retirement Association, also known as LACERA.   In his role, Jon has the responsibility for managing over $70 billion in AUM on behalf of LACERA’s active and retired members.   Prior to LACERA, Jon was the CIO for New Mexico PERA and the Montgomery County Public Schools.  In total, Jon has served the important role of CIO for over 12 years in the second act of his highly accomplished career.  Previously, Jon was a general partner at a private equity firm focused on growth-stage investments in technology, networking industries, and digital communications. Jon spent his formative years as an investment banker and licensed CPA.  He received his Bachelor of Science in economics from the Wharton School of the University of Pennsylvania and his MBA from the University of Chicago Booth School of Business. I have to say, despite all his credentials and accomplishments, I am not sure if you will find a more humble and down to earth guy than Jon.  Without further ado, here is our conversation with Jon Grabel.