CalPERS Promotes Three Investment Officers.Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--July 20, 2000 The California Public Employees' Retirement System (CalPERS) announced today that it has promoted three investment managers to top-level positions in the System's Investment Office. Mark Anson has been named Senior Investment Officer, Equities, and Curtis Ishii has been named Senior Investment Officer, Fixed Income. Both replace Bob Boldt, former Senior Investment Officer for CalPERS public market investments, who stepped down from his position in April. CalPERS also promoted Richard Hayes to Senior Principal Investment Officer for the Fund's Alternative Investment Management Program (AIM). "These promotions are reflective of our strong in-house investment staff that has been instrumental in our success," said Dan Szente, Chief Investment Officer for CalPERS. "I'm confident that we are positioned with the leadership, expertise and talent to continue to add value to our Fund." Anson will be responsible for developing and managing investment strategies for the System's more than $110 billion in domestic and international public equity investments. He will also oversee CalPERS strategic asset allocation Strategic Asset Allocation A portfolio strategy that involves periodically rebalancing the portfolio in order to maintain a long-term goal for asset allocation. Notes: At the inception of the portfolio, a "base policy mix" is established based on expected returns. process, Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. Program, Manager Development Program, risk management strategies, and hybrid vehicle investment program. Anson joined CalPERS in October 1999 as a Senior Principal Investment Officer over the System's domestic equity program. Prior to joining CalPERS, Anson was a Portfolio Manager at OppenheimerFunds, Inc. Anson earned a Doctorate and Masters degree in finance from New York's Columbia University Graduate School of Business and a law degree from the Northwestern University School of Law The Northwestern University School of Law is a private American law school in Chicago, Illinois. The law school was founded in 1876 and is one of eleven academic entities at Northwestern University. Northwestern enjoys a strong national reputation. in Chicago. He has earned the Chartered Financial Analysts 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. , Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , Certified Management Accountant  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. and Certified Internal Auditor Internal auditor An employee of a company who analyzes the company's accounting records to that the company is following and complying with all regulations. degrees and licenses. Ishii will oversee more than $44 billion of CalPERS assets invested in U.S. and international debt markets. Previously, he served as Senior Principal Investment Officer for CalPERS U.S. Fixed Income group. Ishii joined CalPERS in 1978 after earning his Bachelor of Arts degree from the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal . He is a Chartered Financial Analyst. Hayes will be responsible for analysis, development and implementation of investment strategies for CalPERS $11 billion in committed and invested alternative and private equity investments. He will monitor and evaluate the performance of direct and partnership investments, including new investment opportunities charted by the Fund. Hayes joined CalPERS in August 1998 from AT&T Wireless Services, where he served as Corporate Director of Customer Base Marketing and Retention. He earned a Master of Business Administration degree with honors from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. and holds a Bachelor of Arts degree in Economics from Stanford University. CalPERS is the nation's largest public pension fund with assets totaling more than $170 billion. The System provides retirement and health benefits to more than 1 million state and local public employees and their families. For further information on CalPERS, please visit the System's web site at www.calpers.ca.gov. |
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