After the death of straight shooter Joe Dear (Joseph A. Dear: June 7, 1951 to February 26, 2014), the California Public Employees’ Retirement System (CalPERS) has launched a search. Big shoes to fill. They seek an experienced investment professional for the role of Chief Investment Officer (CIO) to lead and manage its 400-plus person Investment Office, which invests CalPERS $285 billion in assets across a diversified global portfolio in public and private equity, fixed income, real estate and inflation-linked assets.
The CIO is responsible for developing prudent, forward-thinking investment strategies in accordance with CalPERS fiduciary responsibilities, policies and corporate governance standards. The CalPERS CIO is a leader within the CalPERS organization, in the investment and public pension industries and before various regulatory and governmental bodies.
The person in this position must be a strategic investment thinker, demonstrate a deep understanding of asset allocation, have a strong commitment to prudent risk management and be an outstanding leader for a dynamic team of investment professionals.
CalPERS retained the recruitment firm of Korn/Ferry International to conduct the global search. Interested applicants may contact:
Korn/Ferry International
C/O Michael Kennedy, Senior Client Partner
1201 West Peachtree, NW, Suite 2500
Atlanta, GA 30309
michael.kennedy@kornferry.com
A full description of the CIO opportunity, including desirable characteristics and specific qualifications of applicants, will be available May 27, 2014, on the CalPERS website.
CalPERS is the largest public pension fund in the U.S., with more than $285 billion in assets. CalPERS administers health and retirement benefits on behalf of 3,064 public school, local agency and State employers. There are more than 1.6 million members in the CalPERS retirement system and more than 1.3 million in its health plans. For more information about CalPERS, visit calpers.ca.gov.
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