SACRAMENTO, Calif. -- CalPERS' search for a new chief investment officer has been put on the fast track, accelerated in part by the pending departure of Bob L. Boldt, CalPERS' second-ranking investment official.
Semifinalist interviews are expected to be conducted this week, with final interviews before the entire investment committee set for May 18. A decision on a new CIO to succeed Sheryl Pressler might occur the same day.
Rumored to be in the running: Pamela Joyner, a former marketer for Bowman Capital Management LLC and Capital Guardian Trust Co., who is said to be close to San Francisco Mayor Willie L. Brown Jr.; Elsie Fletcher, Bank of America pension fund chief; Sandra Parker, J. Paul Getty Museum manager of investments; Collette Chilton, Lucent Technologies Inc.'s pension chief; Nancy Everett, CIO of the Virginia Retirement System; Patricia Small, University of California Treasurer of the Regents; and Christopher Ailman, Washington State Investment Board CIO. There also are some internal candidates under consideration, including Mark Anson, senior principal investment officer, sources said.
Mr. Ailman confirmed he is in the running for the job; Ms. Chilton, Ms. Fletcher and Mr. Anson declined to comment. Other rumored candidates did not return phone calls.
However, some sources said Ms. Chilton, Ms. Everett and Ms. Small do not want to move to Sacramento.
Separately, the fund postponed picking managers for its $35 billion international equity search to September from June. Workload issues and difficulties in transitioning portfolios, particularly in Europe, over the summer contributed to the delay.
However, the $5 billion international bond search remains on track for June, as well as selection of new large-cap domestic equity managers to replace three large-cap value managers who have been terminated or had their contracts expire: Brinson Partners, Valenzuela Capital Partners Inc. and ValueQuest/TA LLC, which collectively had run more than $2.8 billion.
After both international searches are concluded, the fund may turn to large-cap domestic growth and small-cap managers.