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.