A Change At Calpers
We tend to watch CALPERS -because it's the nations largest public pension plan ($242 Billion) and it tends to invests in a variety of different asset classes and sectors. It's a good barometer of investing trends. And, this pension plan has focused on alternative energy, anti-pollution and recycling technologies. It also is venturing into infrastructure investing.
In a surprise, Russell Read -- who has been principal investment officer of the California Public Employees' Retirement System for just two years -- told the pension system's board this week that he's leaving June 30.
Read, 44, said in a letter to the board that he was quitting "to pursue my long-standing interest in environmental and clean-technology investing."
Wise Owl