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CalPERS Loses Corporate Governance Head

Dennis Johnson is leaving his role as director of corporate governance at the $235.6 billion California Public Employees' Retirement System (CalPERS) after three years in the position. He was responsible for the plan's $7 billion corporate governance investment program and led a 17 person corporate governance team. He is joining Shamrock Holdings' Activist Value Fund as a managing director. …

CalSTRS Loses Global Equities Head

Eileen Okada will retire from her post as director of global equities at the $170 billion California State Teachers' Retirement System (CalSTRS) on Nov. 1. According to the fund's Web site, Okada had been on leave since March 28. She joined CalSTRS 36 years ago as an accountant. In the meantime, the plan's CIO Christopher Ailman will oversee the roughly $100 billion portfolio, which encompasses both U.S. and global equity. EFL Associates has been retained by the Sacramento…

Alaska Plan Eyes New CIO

The Alaska Permanent Fund Corporation (APFC) is conducting an internal search for a new CIO to replace Richard Shafer, said Laura Achee, spokeswoman for the plan. She said that Shafer has decided to leave the fund. His last day will be July 30. The APFC board desires candidates with experience as either a CIO or senior member of a portfolio management team. Achee said that the board hopes to have the position filled by the fall.…

Texas Plan to Add CIO Role

The $1.7 billion City of Austin Employees' Retirement System (COAERS) will soon hire its first-ever CIO at the plan, said Stephen Edmonds, executive director at the plan. Edmonds explained that the board plans to conduct a search for the new position, however the details and timing of the search have yet to be completely finalized. According to the most recent financial summary on the plan's Web site, COAERS' asset allocation consists of 15.53% non-large-cap domestic stocks,…

CalPERS' Read to Leave CIO Post

Russell Read is stepping down from his position as investment head at the $244.1 billion California Public Employees' Retirement System (CalPERS) after nearly two years in the position, confirmed Clark McKinley, a spokesman for the fund.

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New CIO in Place At St. Louis University

Gary Whitworth has been named CIO and treasurer at St. Louis University (SLU), effective July 1. Jeff Fowler, a spokesman for SLU, said that Whitworth is replacing Bryan Pini, who is now the CIO at the St. Louis-based Sisters of Mercy of the Americas.

New Executive Director for Ohio Teachers

Michael Nehf has been named the new executive director for the $79.6 billion State Teachers' Retirement System of Ohio (STRS), effective today. Nehf, who currently serves as executive director of the $15.2 billion Employees' Retirement System of Georgia, is replacing STRS' Damon Ashbury who has retired, according to a statement issued by the fund.

Odds & Ends - June 30, 2008

* Hedge Fund manager Chilton Investment Company has hired Francie Heller as managing director of client relations. In this role she will be responsible for providing investment solutions and support to CIOs and other leaders at large corporate and public plans. Heller joins from Bear Stearns where she was a senior managing director and head of the firm's pension, endowment and foundations services group.

Odds & Ends - June 23, 2008

*BlackRock has hired Curtis Arledge as managing director and co-head of U.S. fixed-income in its bond portfolio management group. In this position, Arledge replaces Andrew Philips, who was promoted to the position of global chief operating officer of fixed-income. Prior to joining BlackRock, Arledge was global head of Wachovia Corp.'s fixed-income division.

Odds & Ends - June 16, 2008

*William Yun has been named executive VP of alternatives strategies at Franklin Resources, where he will be responsible for the firm's local asset management businesses, joint ventures, real estate, fund-of-funds and private equity.

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