Anastasia Titarchuk
The Steward
Legacy, values and the long now, leadership as care and continuity.
Anastasia Titarchuk embodies The Steward archetype through her disciplined, long-horizon management of over 250 billion dollars in pension assets on behalf of more than one million beneficiaries. She consistently frames investment decisions around preservation, consistency, and fiduciary obligation rather than performance showmanship. Titarchuk is candid about the structural constraints shaping her approach, including legislative caps on alternatives, the impossibility of market timing at scale, and the super-tanker metaphor she uses for the fund. Her embrace of vintage-year diversification in private equity, her measured ESG integration, and her emerging manager program all reflect a leader who prioritizes durable outcomes over opportunistic swings. Her immigrant background and sell-side to buy-side journey inform a grounded, analytically rigorous stewardship philosophy built on transparency and institutional resilience.
“I can't really market time anything and especially we can't market time private equity. So we try to have vintage year diversification.”
“It's very hard to turn the ship around. It's sort of like a super tanker. So market timing doesn't really work for us.”
“If there are two companies that essentially have the same revenue, the same business model, and one company is dirtier than the other, well, which one would you pick if they're identical investments?”
Money Maze Podcast: “The New York State Common Retirement Fund - With Anastasia Titarchuk, CIO”
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