New Calpers CIO Maps Future With More Control and Fewer Private Equity Fees
- Nicole Musicco joins as the pension seeks to boost returns
- Largest U.S. pension fund is moving deeper into private equity
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Nicole Musicco had a bold pitch: Cut out the giants of private equity and do the job yourself.
Musicco, 47, this week clinched one of the biggest jobs in investing, becoming chief investment officer of the $500 billion California Public Employees’ Retirement System.