CalPERS CIO resigns to invest in cleantech

Russell Read looks to become an environmental rainmaker after a two-year stint at the $244bn US pension.

The California Public Employees’ Retirement System’s chief investment officer, Russell Read, has resigned to pursue cleantech and environmental investing, effective 30 June.

A spokesman declined to comment as to whether Read would join an existing venture or private equity firm, launch a fund or do something unrelated to typical alternative investment firms.