Robert Walton will head the California Public Employees’ Retirement System (CalPERS) as its interim chief executive until the pension fund names a permanent CEO in October. Walton will take the reins from James Burton, who is leaving after seven years as chief executive of the Sacramento-based public pension fund to head up the Wold Gold […]
Lane MacDonald was staring at a conference room monitor at Boston-based Alta Communications as the first news reports of the Sept. 11 attacks began streaming in. Few specifics had been provided, but MacDonald was already uneasy about the safety of his colleagues. “When I first heard the reports, I had some concern because we almost […]
California Public Employees’ Retirement Fund (CalPERS) Chief Investment Officer Daniel Szente announced last week that he would be stepping down from that post effective November 30. Szente’s decision comes on the heels of a legal battle launched last year by California Controller Kathleen Connell, who wants to cut back compensation for CalPERS’ investment portfolio managers. […]
After a long hiatus from private equity, the Florida State Board of Administration is taking steps toward getting its investment strategy underway this month by appointing Jim Treanor as portfolio manager and Mike Ireland as assistant portfolio manager. Prior to joining the pension vehicle, Treanor served as regional director of airport affairs at Northwest Airlines […]
Patrick Mitchell, chief investment officer at the California State Teachers’ Retirement System (CalSTRS), last month announced that he is resigning his post effective July 15 to seek other opportunities in investing. “A big imbalance between supply and demand as far as entities like CalSTRS looking for private equity” is one motivation Mitchell found to move […]