CalPERS CEO To Resign

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.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of