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CalPERS offends no one with new investment chief

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One goal for newly appointed CIO Nicole Musicco should be to nudge CalPERS toward the model of pension institutions in Canada, writes richardbeales1:

CalPERS, the California pension fund manager with nearly $500 billion of assets, on Feb. 22 said it had appointed Nicole Musicco as its new chief investment officer.

Most recently a partner at RedBird Capital Partners, Musicco, a Canadian, previously worked at the Investment Management Corporation of Ontario and the Ontario Teachers’ Pension Plan. The last CIO at CalPERS, Ben Meng, left in August 2020 amid questions over financial disclosures he had made.Calpers headquarters is seen in Sacramento, California, October 21, 2009. REUTERS/Max Whittaker

 

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