CalPERS names senior alternatives exec

Leon Shahinian was named senior investment officer for CalPERS' $20 billion alternative investment management program, said Brad Pacheco, spokesman. He replaces Rick Hayes, who left the $165 billion California Public Employees' Retirement System, Sacramento, to become a managing partner at Oak Hill Capital Management. Mr. Shahinian was senior portfolio manager at CalPERS; officials have not yet decided how his position will be filled.