
Manager Selection
CalPERS Appoints Nicole Musicco as Chief Investment Officer
Her background includes private investment firm RedBird Capital Partners and the Ontario Teachers’ Pension Plan.
Her background includes private investment firm RedBird Capital Partners and the Ontario Teachers’ Pension Plan.
At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
The pension plan is still intent on building its own private equity organization.
CalPERS investment returns of 6.7%, below its 7% target, will likely be part of the discussion this week at retreat meeting.