US - The $247bn California Public Employees' Retirement System (CalPERS) has appointed Eric Baggesen as senior investment officer for global equity.
Rob Feckner, CalPERS Board president, said: "Eric is a highly skilled investment professional who has played a key role in guiding and developing our largest asset class, which has more than $132bn in the market.
"He's a proven team player who has the knowledge, philosophy and experience to help us achieve our investment objectives and position our portfolio for growth."
Baggesen was appointed interim senior investment officer in February, following the departure of Christianna Wood.
His division also has responsibility over CalPERS corporate governance, hedge fund, domestic long-short, cash management, manager development programmes and the on-going restructuring of the asset class (www.globalpensions.com: 29 November 2007).
Baggesen joined CalPERS as senior portfolio manager in late 2004, from State Street Global Advisors (SSgA) where he was unit head of emerging markets in the Global Structured Products Group.
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