Wood Resigns as CalPERS Senior Investment Officer, Global Equity

Christianna Wood, Senior Investment Officer, Global Equity for the last five years, has accepted a position as Chief Executive Officer of an alternative asset management business, Capital Z Asset Management, a leading hedge fund sponsor.

She will leave CalPERS in mid-February. Eric Baggesen, Senior Portfolio Manager, will succeed her as Acting Senior Investment Officer, Global Equity.

Since joining CalPERS in October 2002, Wood oversaw strong performance throughout the asset class -- managing as much as $150 billion in domestic and international public equities, including a $7.5 billion hedge fund portfolio and $7 billion in activist corporate governance funds.

Under her leadership, the pension fund’s Global Equity unit added internal capabilities in domestic small cap, international and emerging markets; increased in-house staff management of equity capital; and managed more than $5 billion in domestic enhanced indexed and other leading edge strategies.

During her tenure, CalPERS expanded corporate governance capabilities to successfully file and campaign for shareowner proposals at public companies, and increased the pension fund’s presence as a shareowner rights advocate at the federal level. Such efforts included advocacy of improved disclosure and transparency of environmental data among public companies and early stage public equity environmental investing.