California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $492.77 billion as of March 8, 2024. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision and their decisions and actions are guided by our Investment Beliefs.

In addition to completing your online job application, the hiring manager is requesting that you complete a Statement of Qualifications (SOQ) for review. Please see the Special Requirements section for instructions.

Our Total Fund Portfolio Management (TFPM) group is currently seeking an Associate Investment Manager to provide a high level of decision-making authority in the areas of strategy development and portfolio structuring and drive our CalPERS mission.

Duties include, but are not limited to:

• Manage and ensure the generation and/or delivery of model-driven asset allocation strategies, coordinating with various staff, external research consultants, data vendors, and benchmark providers. Review model output, manage adherence with compliance requirements and risk exposures, and oversee the communication between all stakeholders, culminating with internal implementation.
• Act as a subject matter expert in private asset class research and allocation-related processes within the TFPM or at the Total Fund level. Provide in-depth analysis of private company fundamentals, investment alternatives, and industry competitiveness. Enhance and automate Private Equity LBO/Growth Equity/VC/Real Assets/Infrastructure returns and risk forecasting frameworks and tools to support private asset strategies.

Telework Information: This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.

Job Type: Full-time

Pay: $10,437.50 - $17,395.83 per month

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Retirement plan
• Vision insurance

Ability to Relocate:

• Sacramento, CA: Relocate before starting work (Required)

Work Location: Hybrid remote in Sacramento, CA