May 14, 2018

Nation's largest public pension is losing its investment chief

Dan Primack, author of Pro Rata

Photo by Max Whittaker/Getty Images

Ted Eliopoulos is stepping down as chief investment officer at the California Public Employees' Retirement System, after a four-year run.

Why it matters: CalPERS is the country's largest public pension system, with more than $325 billion in assets under management.

Eliopoulos will leave at year-end, and a search for his successor begins immediately.

In a statement, Eliopoulos said he is relocating to New York so that he can be closer to his family. Prior to becoming CIO in 2014, Eliopoulos has overseen CalPERS' real assets investing program.

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Rebecca Falconer
Updated 2 mins ago - Politics & Policy

Biden raises $141 million more than Trump

Combination images of President Trump and his 2020 presidential rival Joe Biden. Photo: Sarah Silbiger/Getty Images/Alex Wong/Getty Images

Joe Biden's campaign, the Democratic National Committee and joint fundraising committees raised $466 million cash on hand, the presidential candidate's team announced late Sunday.

Why it matters: President Trump's campaign raised $325 million, his campaign communications director Tim Murtaugh announced Friday. In the spring, Biden was $187 million behind Trump and the Republican National Committee.

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Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 a.m. ET: 30,935,011 — Total deaths: 959,565— Total recoveries: 21,159,459 — Map.
  2. U.S.: Total confirmed cases as of 1 a.m. ET: 6,804,814 — Total deaths: 199,509 — Total recoveries: 2,590,671 — Total tests: 95,108,559 — Map.
  3. Politics: Testing czar on Trump's CDC contradictions: "Everybody is right" — Ex-FDA chief: Career scientists won't be "easily cowed" by political vaccine pressure.
  4. Education: What we overlooked in the switch to remote learning.
  5. Health: The dwindling chances of eliminating COVID-19 — 7 states set single-day coronavirus case records last week.
  6. World: England sets £10,000 fine for breaking self-isolation rules — The countries painting their pandemic recoveries green.
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Sara Fischer, author of Media Trends
3 hours ago - Politics & Policy

Virtual Emmys address chaotic year for American TV and society

Emmy Host Jimmy Kimmel during rehearsals Friday for the 72nd Annual Emmy Awards at the Staples Center in Los Angeles. Photo: Al Seib/ Los Angeles Times via Getty Images

The Emmy Awards Sunday night addressed the major U.S. issues this year — including the protests on systemic racism and police brutality, the wildfires engulfing parts of the West Coast, the census, the pandemic, essential works and the election.

Why it matters: Award shows have always addressed wider cultural issues, but this year — amid unprecedented stress and uncertainty — that trend has accelerated.

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