The California Public Employees’ Retirement System (CaIPERS) has promoted Ted Eliopoulous to chief investment officer.
He will assume responsibility for the investment office at the nation’s largest pension fund, with a portfolio of $300 billion.
Eliopoulous currently serves as the interim chief investment officer. He will take over the role from the late Joe Dear.
Rob Feckner, CaIPERS board of administration president, said: “Ted has the intellect, temperament, leadership ability, and investment experience necessary to succeed in this position.”
“Ted will bring further stability to the office so he and his staff can focus on achieving long-term, risk-adjusted returns for our members,” added Henry Jones, CaIPERS board member and chair of the investment committee.
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