Theodore "Ted" Eliopoulos was named permanent chief investment officer of the California Public Employees' Retirement System, said Joe DeAnda, spokesman for the $298 billion pension plan.
Mr. Eliopoulos is currently the Sacramento-based pension fund's interim chief investment officer. He was appointed interim CIO in June 2013, taking over the position from the late Joe Dear.
Mr. Eliopoulos joined CalPERS in 2007 as senior investment officer, real assets. He had investment oversight of a $26 billion portfolio, which included real estate, infrastructure and forestland, a news release noted. Tom McDonagh has been acting senior investment officer for real assets since April 1.
Prior to CalPERS, Mr. Eliopoulos served as both deputy and chief deputy treasurer in the California State Treasurer's Office.
"Ted distinguished himself during the selection process as the best candidate for this position," said Rob Feckner, CalPERS board president, in the release.