The California Public Employees鈥� Retirement System (CaIPERS) has promoted Ted Eliopoulous to chief investment officer.
He will assume responsibility for the investment office at the nation鈥檚 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: 鈥淭ed has the intellect, temperament, leadership ability, and investment experience necessary to succeed in this position.鈥�
鈥淭ed will bring further stability to the office so he and his staff can focus on achieving long-term, risk-adjusted returns for our members,鈥� added Henry Jones, CaIPERS board member and chair of the investment committee.
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