A Third Top CalPERS Manager Is Leaving Public Pension Fund

Guy Jaquier, the California Public Employees’ Retirement System’s senior investment officer for real estate, said he’s joining AMB Property Corp., leaving three of the top investment jobs vacant at the country’s largest public pension fund.

Jaquier, who oversees $8.6 billion in real estate at CalPERS, will become chief investment officer and executive vice president of AMB Property, one of the biggest U.S. industrial property owners. He joined CalPERS in November 1998 after 14 years at Lend Lease Real Estate Investments, the largest manager of pension funds’ real estate assets.

In January, Sheryl Pressler resigned as chief investment officer of the $175-billion California pension system to run Lend Lease. CalPERS officials say her replacement will be announced soon. Last month Bob Boldt announced he’s resigning as senior investment officer.

Under Jaquier, CalPERS completed $4.4 billion in real estate transactions. He joins AMB on June 20, where he’ll oversee the company’s buying and selling of properties and sit on its investment committee.