Investing
Calpers Looks to Outsiders, Compiles Short List for New CIO
- Pension’s short list includes Lacera CIO Jonathan Grabel
- Previous CIO Nicole Musicco left after less than two years
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The largest US public pension fund is looking externally for its next chief investment officer, following a long spell of lackluster returns and leadership churn.
The short list of candidates to run the California Public Employees’ Retirement System’s roughly $490 billion portfolio includes Jonathan Grabel, CIO of the Los Angeles County Employees Retirement Association, according to people familiar with the matter.