US - The San Diego County Employees Retirement Association (SDCERA) has launched a search for a new chief investment officer.
Deutsche had announced his resignation one week after the fund announced losses in WG trading, whose principals were arrested in February on allegations of conspiracy, securities fraud and wire fraud. (Global Pensions, 6 March 2009)
Chief executive officer Brian White said: "This is a key position that requires broad investment knowledge and experience, the ability to craft, articulate and implement a dynamic investment strategy, and the ability to work with the Board of Retirement to maximize returns for members and the employer."
The incoming CIO will be responsible for a US$5.9bn portfolio.
As of June 30, 2008 the most recent information publicly available, SDCERA invested 20.4% in domestic equity, 23.2% in international equity, 33.8% in fixed income, 7.5% in real estate, 4.2% in alternative equity, 5.6% in commodities, 0.2% in infrastructure and 5.1% in cash overlay.
Interested parties can find more information about the search criteria on www.sdcera.org/about_job.htm. The deadline for submissions is April 15.
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