CalPERS Names New Senior Investment Officer for Public Markets.SACRAMENTO, Calif.--(BUSINESS WIRE)--Dec. 19, 1996--The California Public Employees' Retirement System (CalPERS) announced today it has named Bob L. Boldt as its new Senior Investment Officer for public market investments. Boldt will be responsible for implementing and managing strategy and policy for the System's publicly traded fixed income and equity investments worldwide. He will oversee and direct the System's internal staff as well as external advisors and consultants responsible for managing the System's domestic and international equity and fixed income assets. CalPERS total investments in global fixed income and equity are valued at approximately $94 billion and represent 90% of the System's total Fund, currently valued at more than $104 billion. "CalPERS is a long-term investor Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. and our asset allocation decisions Asset allocation decision The decision regarding how an institution's funds should be distributed among the major classes of assets in which it may invest. have strengthened our position in the public markets," said Charles P. Valdes, Investment Committee Chair. "As we look to the 21st century and develop new strategies in the public markets to help meet our ever increasing benefit payments, we will be well positioned with the leadership, expertise, and experience that Bob brings to CalPERS." Boldt's experience spans 23 years in investment portfolio management, investment research, client relations, and product development for both active and passive investment portfolios. He is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. (CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. ) and has received several "Certificates of Achievement" from the Institute of Chartered Financial Analysts. He joins CalPERS from Fisher Investments, a private, multi-product investment management firm where he served as Senior Vice President. Prior to his position with Fisher Investments, Boldt was Vice President, Portfolio Manager in the San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden office of New York-based Scudder, Stevens & Clark, where he managed $300 million in assets for major institutional domestic equity clients. In his early career as Vice President, Deputy Head of Investments with American National Bank, Boldt lead a team of investment professionals that originated the concept of active/passive management. He also led the development of several breakthrough products, including the first extended index fund -- a passive fund of all companies not included in the Standard & Poor's 500 Index, the first bond index fund, and the first optimized passive international fund. "Bob has been instrumental in the development of successful investment strategies in the public markets," said Sheryl Pressler, CalPERS Chief Investment Officer. "His investment philosophy is very compatible with CalPERS long-term investment strategy and will assist the System in achieving its overall investment objective." Boldt has also held senior investment positions with Concord Capital Management and The Northern Trust Company with responsibilities that included investment portfolio management, fundamental and quantitative research Quantitative research Use of advanced econometric and mathematical valuation models to identify the firms with the best possible prospectives. Antithesis of qualitative research. , and product development. Boldt has spoken and written extensively on the practical application of quantitative techniques to investment management. In 1984, Boldt received the prestigious Graham & Dodd Award from the Financial Analysts' Federation for an article he authored entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Efficient Markets and the Professional Investor" that was published in the Financial Analysts Journal. Boldt earned a Master's of Business Administration degree and a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree with Honors in Engineering from the University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas . He is the third manager chosen in a nationwide search for senior investment specialists. Earlier this year, Barry Gonder was chosen to manage the private equity and alternative investment portfolios of the System and David Gilbert For the snooker player, see . David Gilbert (born October 6, 1944) is an American radical organizer, author and convicted murderer currently imprisoned at Clinton Correctional Facility. was selected to manage the Fund's real estate assets. -0- Note to Editors: Photographs of Bob Boldt are available by contacting the CalPERS Office of Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. at 916/326-3991. CONTACT: Office of Public Affairs Brad Pacheco/Pat Macht, 916/326-3991 |
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