CalPERS Aims to Name New PE Chief
The giant California Public Employees' Retirement System tentatively plans to name a new head of private equity on Tuesday, May 31st, more than a year after it put its last private equity chief on administrative leave, according to a spokesman who said CalPERS would have no further comment until then. Leon Shahinian, the former PE chief at CalPERS, was put on administrative leave after being identified in a pay-to-play lawsuit brought by former state attorney general (and now governor) Jerry Brown. Shahinian formally resigned from the $231 billion pension in Aug. 2010. The pension's $32 billion alternatives portfolio has been managed by chief investment officer Joe Dear during the nine-month search following Shahinian's departure.
26 May 2011•1 min read
