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: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...