Leading Our Team

Karen Correa

Executive Director

Karen Correa is the Executive Director of the Texas County & District Retirement System, which has been a model for providing responsibly funded benefits for nearly 60 years. TCDRS is a financially strong trust, with a unique savings-based plan design and disciplined funding that ensures benefits are reliable and costs more predictable for employers.

Correa combines over 20 years of TCDRS experience with expertise in finance, management consulting, and operations within the financial services industry. Correa holds a Master of Business Administration from Boston College and has her bachelor’s degree in economics and finance.

(512) 328-8889
Barton Oaks Plaza IV, Ste. 500
901 S. MoPac Expy.
Austin, TX 78746

Casey Wolf

Chief Investment Officer

As Chief Investment Officer for TCDRS, Casey Wolf allocates funds across asset classes, directs external investment managers, meets with staff and the investment consultant to review potential investments and recommends investment strategies to the TCDRS board. He is only the third CIO since TCDRS’ creation in 1967. Before his appointment as CIO, he was the Managing Director of both the Hedge Fund and Opportunistic Credit portfolios at TCDRS. Wolf originally joined TCDRS in 2011 as the Manager of Hedge Funds. Prior to TCDRS, he was on the investment team at Oregon Health and Science University Foundation and served as an Adjunct Professor at George Fox University. He received both his Doctor of Jurisprudence and his Master of Business Administration from Willamette University.

Jay Dyer

Deputy Executive Director of Government and External Relations

Jay brings more than 20 years of experience as a policy director and government affairs expert in many levels of Texas government. He most recently served as Deputy Chief of Staff and Special Advisor to Texas Speaker of the House Dade Phelan, after initially serving as the Speaker’s Policy Director. Before joining Speaker Phelan, Jay led government relations for The University of Texas at Austin. Prior to that, he directed legislative affairs for the Governor’s Office and the Office of the Attorney General. He has also served as the general counsel to the Texas Secretary of State and has worked as a lawyer in the private sector. 

Jon Shoen

Deputy Chief Investment Officer

Jon Shoen joined TCDRS in 2011 and has spent more than 25 years managing investments in an institutional setting. As Deputy Chief Investment Officer, Jon is a member of the TCDRS Internal Investment Committee and has primary oversight of TCDRS’ Private Equity and Private Real Estate investments. Jon has a bachelor’s degree in finance and economics from Santa Clara University and is a holder of the CFA and CAIA charters.

Russell Newbury

Deputy Investment Officer

Russell Newbury joined TCDRS in 2013 and as Deputy Investment Officer serves as chair of the TCDRS Internal Investment Committee. Russell holds a bachelor’s degree in Management with concentrations in Finance and Accounting from Hood College and is a holder of the CFA charter. Russell is also responsible for oversight of investment policies, consultants and operations.