California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $502.44 billion as of June 14, 2024. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision and their decisions and actions are guided by our Investment Beliefs.

Under direction of the RA Associate Investment Manager (AIM), the Investment Officer II (IO II) is responsible for performing the full range of duties with the independent review for sourcing and underwriting new investment opportunities, managing assigned portfolios, market/sector research and strategic planning. The IO II will maintain a positive team approach while demonstrating CalPERS’ Core Values of Quality, Respect, Integrity, Openness, Accountability, and Balance in accordance with personal work ethic in alignment with CalPERS Investment Beliefs.

Duties include but are not limited to:

• Perform market research utilizing specialized databases (e.g.Bloomberg), on-line news, and other information sources (e.g. industry periodicals), organize data, and prepare summaries of key findings to the RA management team in support of the review of prospective investment opportunities.
• Regularly engage with partners and management teams.
• Ensure CalPERS contractual rights are effectively managed and protected.
• Evaluate the performance of operating partners with respect to compliance with agreements and CalPERS’ policies and provide reports and/or recommendations to management.

Interview Dates: We anticipate interviews to be held one month from the final file date.

Telework Information: This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.

Job Type: Full-time

Pay: $7,534.00 - $9,430.00 per month

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Work Location: Hybrid remote in Sacramento, CA 95811