Feckner Re-elected as CalPERS President
CalPERS' 13-member board on Thursday voted unanimously to re-elect Rob Feckner as president of the $200-billion fund, the Bloomberg/Los Angeles Times reports (Bloomberg/Los Angeles Times, 2/17).
Feckner previously said he would continue efforts in 2006 to rein in rising health care costs, hire a new investment chief, pursue new investment opportunities and expand recruitment of ethnically diverse money managers (California Healthline, 2/15). CalPERS is the nation's third-largest buyer of health insurance, providing health insurance to 1.2 million state and public agency employees, as well as their dependents and retirees (California Healthline, 6/16/05).