Monday, 29 December 2014
Last updated 10 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.