At a parliamentary hearing, the board governor helped the hedge fund manager Nicolai Tangen, under fire since his appointment.
He helped grow the university’s endowment by nearly $10 billion over nine years.
Arndt discusses with CIO his leadership strategies focusing on the democratization of intelligence and empowering individuals within the fund.
The supervisory board at the sovereign wealth fund told the national parliament that further control measures are needed to prevent conflicts of interest.
The incoming chief executive will distance himself from his old hedge fund.
Nicolai Tangen, a hedge fund manager based in London, will take over the nearly $1 trillion plan.
Coronavirus - COVID-19
The decision came after a request from the board, which said it needs time to conduct an executive search.
Head of private placements replaces Michael Sabia, who leaves after nearly 11 years.
Annesley Wallace will replace Blake Hutcheson, who recently was named CEO of the organization.
What Defines ‘Materiality’? CalPERS’ CEO Likens New SEC Disclosure Rules to Allowances in Sexual Harassment
Marcie Frost says SEC term is too ambiguous.