June 26, 2012
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Amy Norris, Information Officer
Ed Robertiello Named Senior Portfolio Manager of Absolute Return Strategies
SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) today announced the appointment of Ed Robertiello as Senior Portfolio Manager of Absolute Return Strategies in the pension fund's investment office.
Robertiello brings 20 years of investment experience in traditional and non-traditional fund strategies. Most recently, he was the managing director of hedge funds in the New York office of Russell Investments.
“My time at Russell Investments provided me with the opportunity to help build out an institutional process including research, portfolio management, operational due diligence and investment risk and to build a talented hedge fund solutions team, while also working with a diverse range of institutional clients,” said Robertiello. “I am excited to bring my experience and expertise to the public defined benefit space in my new role at CalPERS.”
In his new position, Robertiello will develop investment strategies and policies in the area of absolute return strategies, lead the team responsible for selection and monitoring of hedge funds and actively manage advisor relationships.
“We are pleased to have Ed at the helm of our Absolute Return Strategies team," said Joe Dear, CalPERS Chief Investment Officer. “His expertise in alternative investments will help shape and guide this important investment strategy in our portfolio."
Prior to his position with Russell Investments, Robertiello was a Managing Director in Credit Suisse’s Asset Management business. There he was responsible for all aspects of the fund-of-hedge-fund business for the Americas.
Robertiello received his B.A. in Accounting from Montclair State University and M.B.A. in Finance from Fairleigh Dickinson University.
CalPERS, with assets of approximately $228 billion, is the largest public pension fund in the U.S. It administers retirement benefits for more than 1.6 million California state, local government, and public school employees, retirees, and their families on behalf of more than 3,000 public employers, and health benefits for more than 1.3 million enrollees. The average CalPERS pension benefit is $2,332 per month. The average benefit for those who retired in the most recent fiscal year that ended June 30, 2011, is $3,065 per month. More information about CalPERS is available at www.calpers.ca.gov.