CalPERS CIO lobbies for a total portfolio approach
At the recent meeting, the CIO spoke about better
returns, staff accountability and board risk appetite management with this approach.
At the recent meeting, the CIO spoke about better
returns, staff accountability and board risk appetite management with this approach.
The
superannuation fund re-structured its investment team following the departure
of former CIO Stephen Gilmore to promote 2 of its senior investment
professionals.
Alex
Bacchus has been appointed as the new acting CIO and would be stepping in
Gilmore’s shoes. Gilmore left the fund to serve as CIO at CalPERS, the largest state public pension fund in the United States.
Could he be the answer the largest pension fund in the U.S. has been seeking for 5 years?
A recent study by Global SWF found that NZ Super Fund
was the top performing sovereign wealth fund globally.