CalPERS hired executive recruiting firm Korn/Ferry International to conduct a search for a replacement for Chief Investment Officer Joseph Dear, who died Feb. 26, spokesman Joe DeAnda said Tuesday.
Mr. DeAnda said in an e-mail that no specific timetable has been set to hire a replacement for the $289.6 billion California Public Employees' Retirement System, Sacramento.
Henry Jones, chairman of the CalPERS investment committee, said in an April 29 interview with Pensions & Investments that a national search would be conducted for Mr. Dear’s replacement. He said he expected a pool of top candidates for the job will be assembled within three to four months.
Mr. Jones said internal candidates would be welcome to apply for the job. CalPERS' acting CIO is Theodore “Ted” Eliopoulos, head of the real assets investment team.
Interested applicants may contact by mail at Korn/Ferry International; C/O Michael Kennedy, senior client partner; 1201 West Peachtree, NW, Suite 2500; Atlanta, GA 30309; or by e-mail at [email protected].