April 15, 2025
Public Safety Personnel Retirement System
State of Arizona
NEWS RELEASE
Contact: Christian Palmer
Phone: 602-296-3736
PSPRS names Alexander Dorf as Deputy Chief Investment Officer
Former UPS pension investor, U.S. Army captain joins agency
ARIZONA – The Public Safety Personnel Retirement System announced the appointment of Alexander Dorf as deputy chief investment officer, strengthening the system’s investment leadership as it continues to manage almost $23 billion in retirement assets for Arizona’s first responders, corrections officers, judges and elected officials.
Dorf joins PSPRS following a decade-long tenure at the United Parcel Service (UPS) pension plan, one of the largest corporate pension systems in the country with approximately $43 billion in assets under management. At UPS, he most recently served as a senior portfolio manager responsible for strategy, due diligence, monitoring, and reporting for the $5 billion private equity portfolio. He began his career at UPS as a senior investment analyst supporting portfolios in energy, real estate, private equity, and credit.
“Alex brings a deep understanding of alternative investments, broad experience across asset classes, and a leadership style from both corporate finance and military service,” said Mark Steed, PSPRS chief investment officer. “He will be a valuable asset as we continue to focus on generating strong, risk-adjusted returns for our members and stakeholders.”
Prior to his investment career, Dorf served in the U.S. Army for four years as a field artillery officer and is a combat veteran of Iraq and Afghanistan.
Dorf holds the Chartered Financial Analyst (CFA) designation and earned an M.B.A. with a concentration in finance and alternative investments from Emory University, and a B.E. in Mechanical Engineering from Vanderbilt University.
The last months of Dorf’s private sector work were spent with Goldman Sachs, which UPS outsourced to manage the shipping giant’s pension plan in September 2024.
About PSPRS
The PSPRS trust combined with the Corrections Officers Retirement Plan (CORP) and the Elected Officials Retirement Plan (EORP) provides retirement, disability and survivor benefits to about 60,000 retired and active members with assets under management of $23.2 billion.
PSPRS is governed by a nine-member board consisting of four members of PSPRS-managed retirement plans and five civilians who meet stringent requirements for financial, investment and business expertise.