Keith Bozarth, executive director of the $80 billion U.S. public pension plan State of Wisconsin Investment Board (Swib), will step down in 2012, Pensions & Investments reports. He will remain in the post until a replacement is found. Bozarth has helped the pension fund increase its internal management of funds from 21 percent to 55 percent and revise its risk management process. Executive search firm EFL Associates has been recruited by the trustees to look for candidates to replace Bozarth.
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