CalPERS Names Investment Committee Chair

CalPERS appoints George Diehr as chairman of its investment committee.

The biggest U.S. public pension fund, CalPERS, has appointed George Diehr as chairman of its investment committee, Reuters reports. The $206 billion system, which also has backed a plan to require its investment partners to disclose placement agent fees under California administrative laws, re-elected Diehr as vice president in February.

CalPERS’ investment committee approved a staff memo to let shareholders block uncontested candidates from being elected to company boards. The committee also selected Rogerscasey and Wilshire Associates as finalists to be CalPERS’ primary consultants.

Click here for the complete story.