Investment Manager-Real Assets

Job Description

We are proud to partner with our client, the California Public Employees’ Retirement System (CalPERS), in seeking an Investment Manager-Real Assets. CalPERS is headquartered in Sacramento, CA and is the nation’s largest defined benefit public pension fund with a total fiduciary net position in the Public Employees’ Retirement Fund (PERF) of $503.59 billion as of July 2, 2024. CalPERS provides retirement benefit services to nearly 2.2 million members and health benefit services to over 1.5 million covered lives for state, school, and public employers.

The Investment Manager (IM) will assist in the management of the CalPERS RA portfolio in implementing RA’s Strategic Plan. The RA unit is responsible for the management of CalPERS assets in various investment sectors including real estate, infrastructure, and forestland. The strategic objective of RA is to provide a stable long horizon income return, diversification to equity risk, and a partial inflation hedge. The IM works under the direction of the RA Investment Director (ID). The successful candidate will be responsible for sourcing and underwriting new investment opportunities, managing assigned portfolios, and ensuring appropriate processes, controls, systems, and risk management are in place within their area of responsibility to enable investment performance and assure control of operations.