Deals and People December 17, 2001

Mark Anson to Fill CIO Slot at CalPERS

December 17, 2001 (PLANSPONSOR.com) - Mark Anson was appointed chief investment officer of the California Public Employees' Retirement System (CalPERS).

Reported by

Camilla Klein

Anson, employed by CalPERS for the last two years as the senior investment officer for global equity at Calpers, succeeds Daniel Szente, who resigned last month.

Szente resigned in early November after a short tenure of less than 17 months to join money manager McMorgan & Company.

In a formal statement, Szente said that he accepted the position with McMorgan rather than wait for the outcome of a legal battle launched by the California state Controller to roll back CalPERS’ investment portfolio managers’ compensation.

“The effort, if successful, will hamper CalPERS’ ability to achieve excellent investment returns and effectively manage risk,” according to Szente.