The state retirement system chooses 16-year veteran Dan Bienvenue, who has overseen global equity.
Nicolai Tangen, a hedge fund manager based in London, will take over the nearly $1 trillion plan.
Fund will invest 80% in securities that meet its environmental criteria and contribute to the World Wildlife Fund.
Large money managers including J.P. Morgan, Fidelity, and Allianz have lost their relationships with the biggest US pension plan as part of a massive restructuring of CalPERS’s equity program.
That share of the pie gets even smaller—to 3%—when more stringent definitions of ‘diversity’ are applied.
The chief investment officer is moving to an investment management consulting firm in Northern California.
Fund is asking for a wide range of ideas on structural changes to its oversight.
Fresh off his re-election campaign, Henry Jones pledges good governance, a focal point of his platform.
Kari Vatanen replaces Niina Bergring, who left to join Helsinki’s Aktia Bank.