The California Public Employees’ Retirement System (CalPERS) announced the departure of its Chief Operating Investment Officer (COIO) Wylie Tollette effective 5 January 2018.
The $339.2 billion US public pension appointed its current Investment Director Matt Flynn as interim COIO. According to CalPERS’ press release, the search for a permanent COIO will begin immediately.
Tollette, who joined CalPERS in 2014, will return to Franklin Templeton Investments, where he previously served as Senior Vice President for Portfolio Analysis.
CalPERS has a 19.8% allocation to alternatives. Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.