CalPERS Taps Baggesen As SIO

Jun 26 2013 | 7:37am ET

The California Public Employees’ Retirement System has appointed Eric Baggesen as senior investment officer for asset allocation and risk management, responsible for the $260 billion pension fund's entire investment portfolio.

Baggesen, currently the SIO for global equity, has been acting SIO for asset allocation and risk management since he replaced Farouki Majeed in the post in 2012. Baggesen joined CalPERS in 2004, after eight years at State Street Global Advisors as unit head of emerging markets in the global structured products group. He was named SIO for CalPERS Global Equity program in 2008.

Dan Bienvenue, a senior portfolio manager, will become SIO for the $138.5 billion global equity portfolio. Bienvenue joined CalPERS in 2004 after serving as a principal and senior portfolio manager with Barclays Global Investors. He was named senior portfolio manager for global equity at CalPERS in 2008.

“Eric and Dan are proven team players who have the knowledge, philosophy and experience to help us achieve our investment objectives and position our portfolio for growth,” said Joe Dear, CalPERS chief investment officer. “We look forward to working with Eric and Dan in their new positions, and welcome Dan as a member of our senior management team.”

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