Wednesday, 17 December 2014
Last updated 6 hours ago
May 5 2008 | 1:55am ET
The California Public Employees’ Retirement System is losing another key executive to the private sector. This time, Fred Buenrostro, CEO of the nation’s largest public pension fund, has set his retirement from CalPERS for the end of the fiscal year.
Buenrostro said he intends to pursue professional opportunities in the private sector, CalPERS’ president Rob Feckner said the system’s board of administration will discuss naming an interim CEO at its May Board meeting while it searches for a permanent replacement.
Last month, CalPERS investment chief Russell Read announced his plan to leave at the end of June to “pursue his long-standing interest” in investing in clean and green technology companies.
Buenrostro is the system’s seventh CEO since its establishment in 1932.
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.