CalPERS is searching for two new deputy chief investment officer positions.
The $401.4 billion California State Employees' Retirement System, Sacramento, posted job listings for deputy CIO, growth assets, and deputy CIO, total portfolio, on the state's CalCareers website.
The deputy CIO, growth assets, will "oversee and manage global growth asset class portfolio construction, asset allocation and risk budgeting," and the while the total portfolio position will "oversee and manage total fund portfolio construction, asset allocation, risk budgeting and operational strategy," according to the listings.
CalPERS’ board in September discussed new deputy CIO positions to handle some of CIO Yu Ben Meng’s day-to-day tasks. The board at the time was considering adding three total positions, but spokesman Joe DeAnda said now they are only recruiting for the two listed positions.