The California Public Employees’ Retirement System (CalPERS) has named Tom McDonagh as acting senior investment officer (SIO) for real assets, effective April 1, 2014.
McDonagh will take over the position vacated by Ted Eliopoulos, who has been named Interim Chief Investment Officer upon the passing of Joe Dear, CalPERS Chief Investment Officer. McDonagh is currently a Senior Portfolio Manager in the Global Fixed Income asset class.
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"Tom is a valued part of our team, and has both the investment and management experience needed to lead the asset class," said Eliopoulos. "I look forward to working with Tom and welcome him to the senior management team."
McDonagh joined CalPERS in 2010 after serving as Chief Investment Officer at both Freedom Mortgage and American Home Mortgage. Prior to that, McDonagh spent time at CalPERS as a Portfolio Manager for Global Fixed Income, in addition to positions at Vanderbilt Capital Advisors and Lazard Freres Asset Management.
As Acting SIO of Real Assets, McDonagh will be responsible for implementation and management of investment strategy and policy for the Pension Fund’s $27.8 billion portfolio in real assets worldwide.
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