Brad Lander also lashed out at BlackRock for appointing the CEO of the Saudi Arabian Oil Co. to its board.
One candidate has a background in tax assessment, while the other comes from public transit.
The pension system says the spike was ‘predicted’ and figured into planning for the $389 billion fund.
The demand for Henry Jones’ ouster is the latest fallout from the resignation of CalPERS CIO Ben Meng following complaints he violated state ethics rules.
The pension was about 66% funded before the COVID-19 pandemic.
Longtime CIO Tony Waskiewicz shares his three-step process for inflation-sensitive assets.
Asset Management Culture
Citing under-representation in the current KRS board, the system puts forth legislation to establish its own panel.
Former board member J.J. Jelincic protests the October 17 election, claims CalPERS team plotted to thwart his candidacy.