'A big deal': Canadian Nicole Musicco lands high-profile job as investment chief at US$480-billion CalPERS

  • 📰 VancouverSun
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 61%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Musicco is stepping in as the fund embarks on a major shift to step up investments in both private equity and debt, and close a funding shortfall

“Nicole’s experience, vision and skill as an investor in public and private markets is critical for CalPERS,” Frost said in a statement. “We were determined to take our time to ensure we found the right candidate who could succeed in a high-pressure and demanding environment.”

Mark Wiseman, chair of the Alberta Investment Management Corporation and former chief executive of the Canada Pension Plan Investment Board, who worked with Musicco at Teachers early in her career, said landing such a job following a broad global search is an impressive feat. As part of its strategy to narrow the funding gap, the CalPERS fund adopted a new asset allocation mix late last year that calls for increasing its private equity investments to 13 per cent from just eight per cent, with a new private debt allocation of five per cent. In addition, the fund added five per cent leverage to its investment portfolio to increase diversification.Article content

On Tuesday, Bertram told the Financial Post that Musicco “has an excellent investment background, particularly in private equities, is familiar with the strategies employed by Canadian funds, and should prove to be a capable leader at CalPERS.”Article content

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 49. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Canadian Nicole Musicco appointed as Calpers new chief investment officerCalpers is the largest public pension plan in the U.S.
ソース: nationalpost - 🏆 10. / 80 続きを読む »