Emerging Markets Portfolio Implementation, Associate Investment Manager

Role Overview

CalPERS — the California Public Employees' Retirement System — is the nation's largest public pension fund, managing approximately $658.81 billion in assets. The Global Public Equity team is hiring an Associate Investment Manager to join its Implementation Team, focused on equity portfolio construction and day-to-day equity, currency, and derivatives trading within the emerging markets allocation.

• Support equity portfolio construction across the Global Public Equity program
• Execute day-to-day trading of equities, currencies, and derivatives
• Contribute to implementation of emerging markets investment strategy alongside senior portfolio managers

• Investment professional background with experience in portfolio implementation, trading, or equity markets
• Comfortable working within a large institutional investment organization

• $10,937.50–$18,229.17/month ($131,250–$218,750 annualized)
• Annual incentive of 0–60% of salary; long-term incentive program available after five years
• Hybrid schedule: up to 2 days remote, 3+ days onsite, Sacramento, CA
• Final filing date:
  September 9, 2026