Samuel Kunz will join the investment office of the University of California, Oakland, in the new position of managing director, asset allocation and investment strategy.
Mr. Kunz's appointment is the first to the new asset allocation and investment strategy group being created by Jagdeep Singh Bachher, chief investment officer and vice president of investments, Mr. Bachher said in a memo to the UC investment team that was obtained by Pensions & Investments. Mr. Bachher took over as CIO in April.
Mr. Kunz was most recently CIO of the $4 billion Chicago Policemen's Annuity & Benefit Fund. Mr. Bachher said in the memo that he expects Mr. Kunz to begin work in California at the end of November.
The process for replacing Mr. Kunz, who resigned Nov. 7, will be discussed by the investment committee of the Chicago Policemen's fund at a meeting on Nov. 21, said Regina M. Tuczak, executive director, in an interview.
Mr. Bachher could not be immediately reached for more information about Mr. Kunz's appointment and the new asset allocation and investment strategy group.
University of California has about $91 billion in combined endowment, retirement and operating funds.
