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Ted Eliopoulos, who has been at the US's largest public pension for more than one decade, will step away by the start of 2019.
Jerry Gates, who has led the firm’s real assets platform since 2011, is handing the reins for the position to the leadership team from Real Assets Portfolio Management, according to Agri Investor sister publication PERE.
The $2.5bn pension system’s executive director allegedly arranged ‘for impromptu meetings with investment firms to justify travel expenses.'
The pension fund is changing its benchmark in tandem with eliminating the separate investment segments of real estate, infrastructure and forestland.