LPs

Holding a 7 a.m. interview at the height of the dog days of August, Erik Hirsch of Hamilton Lane epitomizes the work ethic required of the chief investment officer of a global investment firm. Eleven-hour workdays are standard, and he’s not complaining. “I’m usually here now, and get out around 6,” he demurs. Hirsch, 32, […]

One of the constants of public life is the allure of the private sector. Even at the top of the public pension world, the call to move on remains. And so it is in California. The California Public Employees’ Retirement System (CalPERS) Chief Investment Officer Mark Anson announced last week that he was leaving the […]

Rick Hayes, an advocate for public limited partners, on Tuesday tendered his resignation as head of private equity investments for CalPERS to become a managing partner at Oak Hill Capital Management. Hayes could not be reached for comment Thursday, but a spokesman for CalPERS, the nation’s largest pension fund, confirmed that Hayes had resigned as senior […]

Robert Walton will head the California Public Employees’ Retirement System (CalPERS) as its interim chief executive until the pension fund names a permanent CEO in October. Walton will take the reins from James Burton, who is leaving after seven years as chief executive of the Sacramento-based public pension fund to head up the Wold Gold […]

California Public Employees’ Retirement Fund (CalPERS) Chief Investment Officer Daniel Szente announced last week that he would be stepping down from that post effective November 30. Szente’s decision comes on the heels of a legal battle launched last year by California Controller Kathleen Connell, who wants to cut back compensation for CalPERS’ investment portfolio managers. […]

After a long hiatus from private equity, the Florida State Board of Administration is taking steps toward getting its investment strategy underway this month by appointing Jim Treanor as portfolio manager and Mike Ireland as assistant portfolio manager. Prior to joining the pension vehicle, Treanor served as regional director of airport affairs at Northwest Airlines […]

Patrick Mitchell, chief investment officer at the California State Teachers’ Retirement System (CalSTRS), last month announced that he is resigning his post effective July 15 to seek other opportunities in investing. “A big imbalance between supply and demand as far as entities like CalSTRS looking for private equity” is one motivation Mitchell found to move […]