Calpers appoints Stephen Gilmore, former NZ Super CIO, to manage its $494bn investments.
The California Public Employees' Retirement System (Calpers) has appointed Stephen Gilmore, former chief investment officer of New Zealand Superannuation Fund, as its new chief investment officer. Gilmore will manage the largest US public pension plan's $494bn investments, taking over from two previous CIOs who stepped down due to underperformance. Gilmore has a strong track record, achieving over 10% annualized returns over the last decade at the New Zealand Super Fund.
April 02, 2024
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