US - Former General Manager of the Los Angeles City Employees Retirement System (LACERS), Robert Aguallo, has joined the Cardinal Americas Fund as managing partner.
Aguallo, who managed LACERS US$12bn assets for 5 years, said: "After surveying my options, I quickly realised that infrastructure development represents the best new market opportunity for future investment growth."
Aguallo has also been chief operating officer for investment operations at the California Public Employees Retirement System (CalPERS), board director on the California Association of Public Retirement Systems (CALAPRS) and LACERS general manager for five years.
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