WSJ: CalPERS Nears CEO, CIO Picks

NEW YORK (Reuters) – California Public Employees’ Retirement System, the nation’s largest pension fund, also known as Calpers, is set to name a new chief executive as early as this week, the Wall Street Journal reported in its online version on Tuesday.


Calpers, which has about $182 billion under management, has been without a CEO since Fred Buenrostro retired in June, and without a chief investment officer, since Russell Read quit, also about a half-year ago.


The finalists for the CEO position are Calpers’ acting chief investment officer Anne Stausboll, and at least one another candidate from outside the fund, the Journal reported, citing people familiar with the matter.


Calpers could not be immediately reached for comment by Reuters.


The fund expects it will name a new chief investment officer early in 2009, the Journal wrote, citing a person familiar with the matter.


A leading candidate, according people citing by the Journal as being familiar with the matter, is Robert Grady, an executive at private equity firm Carlyle Group.

(Reporting by Phil Wahba; Editing by Anshuman Daga)