People moves

Former CalPERS exec heads to Kuwait to join GIC

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Russell Read, former chief investment officer for the California Public Employees’ Retirement System, is now deputy chief executive officer and chief investment officer of the $7.2 Gulf Investment Corporation. After CalPERS, Read had a stint at a natural resources investment firm called C Change Investments, which he joined in 2008.

At CalPERS, Reed was responsible for overseeing a staff of more than 200 professionals, including a number of new strategies and vehicles into the investment portfolio including commodities, infrastructure, clean technology and forestry investment in addition to hedge funds.

Read, who has moved to Kuwait, has expertise across