CalPERS Investment Chief To Resign

Apr 24 2008 | 11:35am ET

Just days after delivering a report on hedge fund regulation to U.S. Treasury Secretary Henry Paulson, Russell Read has announced his departure from the California Public Employees’ Retirement System.

Read has led the alternatives-heavy CalPERS, the largest public pension fund in the U.S. with $244 billion in assets, for two years. He is leaving to “pursue his long-standing interest” in investing in clean and green technology companies.

Read, who in spite of CalPERS’ leading role as a hedge fund investor, has been critical of the fees they charge.

The fund’s chief operating investment officer, Anne Stausboll, will succeed Read on an interim basis as chief investment officer when Read departs on June 30.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.