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The California Public Employees’ Retirement System (CalPERS) has chosen Ridgeway Partners, a global executive search firm, to help recruit a new Chief Investment Officer for the $232 billion pension fund.
Ridgeway is a leader in recruiting top management worldwide and will assist the pension fund in filling its top investment post in the coming months.
“We are pleased to have Ridgeway on board and are confident that they can bring top candidates for this job,” said Rob Feckner, President of the CalPERS Board of Administration. “Our goal is to take the time necessary to find the best candidate who can help us manage our investment portfolio for the long-term.”
Ridgeway will begin to develop a candidate profile for the position for CalPERS review. The search will be launched later this summer.
CalPERS CIO heads a staff of more than 220 investment professionals and support staff, and oversees global equity, private equity, fixed income, real estate, and inflation-linked asset classes – including activist corporate governance and hedge funds, commodities and infrastructure investments. The CIO also advises the policy-setting CalPERS Board of Administration on investment matters.
Interim Chief Investment Officer Anne Stausboll has been filling the position since former CIO Russell Read announced in April that he was stepping down on June 30 to pursue his longtime interest in environmental and clean tech investing.
CalPERS provides retirement and health benefits to 1.5 million public employees and retirees. For more information about CalPERS, visit www.calpers.ca.gov.
