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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…