CalPERS hires its second female CIO in its history

Nicole Musicco will join the $500 billion California Public Employees’ Pension Retirement System as CIO on March 28.

Musicco is only the second woman to lead the investment operations for the nation’s largest public pension fund at a time when more female CIOs are being named in the pension, endowment and foundation realms. She will report to CEO Marcie Frost and lead a team of more than 300 investment professionals.

“Nicole’s experience, vision, and skill as an investor in public and private markets is critical for CalPERS,” said Frost. “We were determined to . . .

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