Elizabeth Burton is the CIO of the Employees’ Retirement System of the State of Hawaii, where she oversees over $16 billion in assets. Prior to joining HIERS, Ms. Burton served as Managing Director, Quantitative Strategies Group, at the Maryland State Retirement Agency. In this role, Ms. Burton was responsible for the $4.5B Absolute Return Portfolio and for risk management oversight of the $55B Plan. Previously, Ms. Burton owned William Street Advisory—a strategic advisory practice which she founded in 2013. Prior to that role, Ms. Burton was a Senior Economist with Criterion Economics. Prior to that role, Ms. Burton was a Consultant at First Annapolis where she worked on M&A transactions and consulting in the payments industry. Previous positions include roles in trading, hedge funds, and risk management. Ms. Burton received her Bachelor’s degree in Political Science and French, cum laude, from Washington & Lee University, and her MBA in Finance, Econometrics & Statistics from the University of Chicago Booth School of Business.