CalPERS and the public-pension private-equity brain drain


Real Desrochers, Calpers, pension fund, private equity, CITIC Private Equity
  • Desrochers leaves for large overseas bank
  • Staffers flee low pay at New Jersey pension
  • Median GP salaries nearly equal CIO pay at CalPERS
Public-pension officials leave for private-sector gigs all the time, but Réal Desrochers’s departure from CalPERS casts a wider shadow than most. The combative, press-shy chief of California Public Employees’ Retirement System’s private equity team left for a position at a “large overseas ...

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