He’ll be back

Californians might just have Phil Angelides to kick around again.

Californians might just have Phil Angelides to kick around again.

The former state treasurer, who lost the governor’s race to Arnold Schwarzenegger in November -- and subsequently announced that he would turn his attention to investing -- says he may run once more to become the state’s leader. Angelides, 53, tells Institutional Investor: “If I have the chance to run for governor again, would I? Absolutely, I’d consider it. You don’t need a title to make a difference, but I’m not averse to having one.”

This month Angelides will leave the treasurer’s office and launch a new firm, Riverview Capital Investments, which will employ a “double-bottom-line” philosophy, aiming to generate returns through investments that benefit society. Angelides espoused that idea for eight years as a board member at the nation’s two largest public pension funds, the California Public Employees’ Retirement System and the California State Teachers’ Retirement System.

His Sacramento-based company will initially concentrate on real estate, with a focus on urban development projects. Angelides says he will eventually consider investments in environmental technology. He declines to say how much capital he hopes to raise.

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