Completing an international search and extensive recruitment process, CalPERS announced the appointment of Nicole Musicco as the new chief investment officer. Musicco is only the second woman to lead the investment operations for the nation’s largest public pension fund with nearly $500 billion in assets.
“Nicole’s experience, vision, and skill as an investor in public and private markets is critical for CalPERS,” said Marcie Frost, CalPERS CEO. “We were determined to take our time to ensure we found the right candidate who could succeed in a high-pressure and demanding environment. Nicole is exactly the leader we want to lead CalPERS’ Investment Office and is an exceptional addition to our team.”
More details can be found in our news release.