Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
The organization wants a permanent chief to replace David Peden, who left two years ago.
Davidson Kempner Capital Management takes issue with state’s code of ethics.
Retirement system hasn’t been attracting enough top talent with current pay package.
New CRO comes off of an eight month career break following 21 years at insurer.
April shakeup led to Burgess’ promotion and the current CIO hunt for the fund.
Fund’s investments had been managed by consultants since August.
CIO aims to fix program that hired young, female, and minority managers, whose returns are sub-par.
Pension aiming to cut outside PE costs, boost Singapore office.
Move follows growing in-house management trend.
Changes made to simplify structure, focus on performance.
Lack of Congressional reform could tank 100 multiemployer plans.
Third-largest pension fund has been without permanent CIO since July.
Firms eligible include Al Gore’s Generation Investment Management.
J. Tomilson Hill will become chairman of Blackstone Alternative Asset Management.