Two CalPERS’ Alt. Investment Managers Resign

Feb 17 2011 | 9:40am ET

Two senior portfolio managers of CalPERS’ $47.5 billion alternative investment management program have resigned.

CalPERS spokesman Clark McKinley confirmed the resignations of Joncarlo Mark and Michael Dutton to Pensions&Investments.

McKinley said neither man gave reasons for departing their posts at the $226.5 billion California Public Employees’ Retirement System.

Mark's resignation is effective March 31 and Dutton's sometime in March. Their duties will be taken up by other staff in the AIM program, McKinley said.

Mark, who had been with CalPERS since 1999, and Dutton, who had led the system’s healthcare investment initiative, announced their resignations separately, McKinley told P&I, adding he did  not know the men’s future plans.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR