Velasquez, David John
Portfolio ManagerInvestment BoardRamsey CountyFull-time
ActivePublicEquitie. Minnesota state employee pay history, from State of Minnesota salary data.
Pay by fiscal year
Total paid across all records in each year, overtime included, compared with consumer prices.
From FY 2022 to FY 2026, pay went up 191% while consumer prices went up 16%. After inflation, pay is up 150% (it beat inflation).
| Year | Paid | Change | Prices (CPI) | After inflation |
|---|---|---|---|---|
| FY 2026 | $229,563 | +7.4% | +3.1% | +4.2% |
| FY 2025 | $213,717 | +12.1% | +2.6% | +9.2% |
| FY 2024 | $190,696 | +6.1% | +3.3% | +2.7% |
| FY 2023 | $179,730 | +127.8% | +6.3% | +114.4% |
| FY 2022 | $78,889 | — | — | — |
Each change compares a year with the one before. Large swings usually come from a partial year, extra hours or a change of job rather than a raise. Prices: Consumer Price Index (CPI-U, U.S. city average) from the Bureau of Labor Statistics, averaged July to June; FY 2026 uses 11 months because October 2025 was not published.
Compared with the same job title
FY 2026 · Portfolio Manager
Paid more than 13% of the 8 people with this job title that year. The median was $237,003.
Uses the amount paid in the year, so partial years and part-time positions read low.
See everyone with this job titleEvery record
5 records, newest first
| FY | Agency | Job title | County | Base pay | Overtime | Paid |
|---|---|---|---|---|---|---|
| 2026 | Investment Board ActivePublicEquitie | Portfolio Manager Full-time | Ramsey | $110.63 /hr | — | $229,563 |
| 2025 | Investment Board Public Markets | Investment Officer Full-time | Ramsey | $102.97 /hr | — | $213,717 |
| 2024 | Investment Board Public Markets | Investment Officer Full-time | Ramsey | $95.79 /hr | — | $190,696 |
| 2023 | Investment Board Public Markets | Investment Officer Full-time | Ramsey | $84.55 /hr | — | $179,730 |
| 2022 | Investment Board Asst Executive | Investment Officer Full-time | Ramsey | $69.44 /hr | — | $78,889 |
The state reports one pay total per person per year, covering all of their positions, so it appears on one of that year’s lines and the others show no separate pay.
Highest paid in Investment Board
FY 2026, amount paid
- Schurtz, Jill Ellen$541,178Exec Dir Investment Bd
- Christensen, Andrew D$419,417Managing Director Investments
- Sonderegger, Erol D$409,558Managing Director Investments
- Krech, Andrew$372,736Managing Director Investments
- Mule, John R$285,288Chief Investment Oper Officer
- Stacy, Jonathan$278,583Investment Director
- Boll, Cassandra$278,583Investment Director
- Anderson, Paul T$275,155Chief Investment Oper Officer
Highest paid as Portfolio Manager
FY 2026, amount paid
- Ndungu, Mercy$246,454Investment Board
- Pechacek, Sheila Emily$243,544Investment Board
- Covich, Daniel$243,544Investment Board
- Weber, Jeffrey D$238,155Investment Board
- Griga, Aaron D$235,851Investment Board
- Blumenshine, Nathan Troutman$232,966Investment Board
- Johnson, Timothy Mark$218,678Investment Board