Newsmakers
Caltech Hiring for Next CIO
Scott Richland, the California Institute of Technology’s current CIO, will step down in December after 14 years managing its endowment.
The investment committee will vote on whether to approve the recommendation at tomorrow’s board meeting.
She will replace Jack Ehnes, the outgoing head of the pension system who postponed his retirement last year because of the pandemic.
Appellate court rules ERISA doesn’t pre-empt the California law that created the state-managed IRA program.
Institutional investors are wary of betting on the gas until it proves itself, as the technology is nascent. But its stocks are surging anyway.