America’s Largest Public Pension Is In Search Of A New CIO

The California Public Employees’ Retirement System, the largest public pension system in the United States, is on the hunt for a new Chief Investment Officer. This development comes after the unexpected resignation of CIO Nicole Musicco, who will reportedly vacate her post on September 29th.

CalPERS is a crucial financial institution providing retirement and health benefits to more than 1.9 million public employees, retirees, and their families. It stands as the largest public pension fund in the U.S., managing approximately $463.6 billion in assets. Given its significant role, the position of CIO at CalPERS is among the most influential in the investment world.