CalPERS begins CIO search

The California Public Employees’ Retirement System (CalPERS) has begun the search for a chief investment officer (CIO).

The former CIO, Joseph Dear, passed away at the end of February.

The CIO will be responsible for leading and managing its 400-plus person investment office.

CalPERS retained recruitment firm Korn/Ferry International to conduct the global search.

The fund is the largest public pension fund in the United States, with more than US$285 billion ($310.9 billion) in assets.

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