CFA-endorsed candidate Bilbrey wins CalPERS runoff

Michael Bilbrey

Michael Bilbrey – the CFA-endorsed candidate for the CalPERS Board of Administration – has won a special runoff election and now will fill a vacancy on the13-member board. Bilbrey defeated Richard Ross by almost 40,000 votes.

Both men made it to the runoff after taking the top spots in an eight-candidate field vying for the at-large seat vacated last August by Kurato Shimada. Bilbrey will serve the remainder of Shimada’s term that ends in January 2014.

With more than $233 billion in assets, CalPERS is the nation’s largest public pension fund.