CalPERS CEO Marcie Frost said she is optimistic that the $483.3 billion pension fund will select a new chief investment officer in the first quarter.
The Chief Investment Officer Selection Subcommittee's first round of interviews with potential candidates were scheduled to begin Jan. 17. Frost made the comment at the California Public Employees' Retirement System's Jan. 17 stakeholders meeting.
“I know I indicated that the first quarter is the best outcome (to select a CIO), and I’m still optimistic for this quarter,” Frost said.
CalPERS received 150 applications for the CIO position, she said.
Additional first-round interviews are scheduled for Jan. 18 and 19, subcommittee agendas showed. Second-round interviews with the full board are currently scheduled for February, said Michelle Tucker, chief, division of human resources, at the subcommittee meeting, also Jan. 17.
The Sacramento-based pension fund has been searching for a new CIO to replace Nicole Musicco, who stepped down at the end of September, hiring executive search firm Dore Partnership in October to assist.
Dan Bienvenue, deputy CIO, is currently serving as interim CIO.