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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Sacramento, California

Salary: $110K - $172K

California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $455.03 billion as of June 2, 2023. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At

Job Description and Duties

Our Total Fund Portfolio Management Team is looking to fill a position of Associate Investment Manager (AIM). The ideal candidate will serve as a key support role and back up for a critical function managing the Strategic Asset Allocation (SAA) implementation. Duties include but are not limited to:

  • Assist in the day-to-day management and implementation of the Total Fund completion and asset allocation rebalancing activities.
  • Portfolio design and risk management of the Total Fund.
  • Development and oversight of the active risk budgeting and active portfolio construction framework.

In addition, the selected candidate may assist training subordinate team members, typically in the Investment Officer classification series, or function as a subject matter expert (SME) or individual contributor with significant expertise in one or more specialized investment areas.

The Associate Investment Manager will maintain a positive team approach while demonstrating CalPERS’ Core Values of Quality, Respect, Integrity, Openness, Accountability, and Balance in accordance with personal work ethic in alignment with CalPERS Investment Beliefs.

Telework Information: This position is eligible for hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.