CalPERS Senior Investment Officer Boldt to Resign

April 20, 2000 ( - In the third high-level defection to the private sector from the California public pension fund system in a few months, Bob Boldt, senior investment officer at CalPERS announced his resignation Thursday.

Boldt’s departure May 17 from the California Public Employees’ Retirement System , with over $168 billion in assets America’s largest pension fund, follows the recent departure of Sheryl Pressler as CalPERS chief investment officer, and the announced departure of Patrick Mitchell, CIO at the $114-billion California State Teachers’ Retirement System .

Boldt, responsible for $154 billion in global stock and bond investments, plans to seek work in the private sector. Pressler already works in the private sector, while Mitchell has said he intends to work in a private equity firm.