INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM Emerging Markets Portfolio Manage

Investment Manager, Public Employees' Retirement SystemCalifornia Public Employees' Retirement System (CalPERS) is a global institutional investor and the nation's largest public pension fund, with assets of approximately $653.74 billion as of November 4, 2026. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we're committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision and their decisions and actions are guided by our Investment Beliefs. If you are interested in becoming part of a diverse and inclusive workforce where talent, experience, and expertise are valued, CalPERS invites you to apply for this employment opportunity. To find out more about our Diversity, Equity, and Inclusion efforts, visit our website! To take a look at CalPERS as a destination employer, view this YouTube video.Final Filing Date: Until FilledJob Description and DutiesOur Global Fixed Income team is currently seeking an Investment Manager to serve in a strategic role assisting in managing local rates and currency in CalPERS' internally managed Emerging Markets (EM) debt sovereign portfolio and drive our CalPERS' mission. Duties include but are not limited to:Formulate and execute top-down tactical allocations to EM local currency bonds, local rates, FX, and corporate/distressed credit within sovereign hard currency portfolios to enhance risk-adjusted returns and alpha generation.Analyze country and regional economic and investment conditions/trends and the relevant benchmarks to formulate portfolio investment decisions, through relative value opportunities across currencies and rating categories, in both EM sovereign and corporate debt, including special situation/distressed debt restructurings.Develop quantitative signals and analytics within EM and across GFI segments, and provide ad hoc support, expertise and leadership in developing new quantitative tools.Anticipated Interview Dates: We anticipate holding virtual interviews on an ongoing basis until the position is filled. We look forward to meeting with you!Telework Information: This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.Working ConditionsModerate amount of travel.Minimum RequirementsYou will find the Minimum Requirements in the Class Specification.INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEMAdditional DocumentsJob Application Package ChecklistDuty StatementPosition DetailsJob Code #: JC-537611Position #(s): 275-630-4637-026Working Title: Emerging Markets Portfolio ManagerClassification: INVESTMENT MANAGER, PUBLIC EMPLOYEES' RETIREMENT SYSTEM $15,250.00 - $25,416.67 This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0-75% of salary and is based on the level of achievement against several quantitative and qualitative measures. The long-term incentive program provides an additional opportunity of 0-75% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds. New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.# of Positions: 1Work Location: Sacramento CountyTelework: HybridJob Type: Permanent, Full TimeBenefitsAlternate Work SchedulesFlexible Work HoursOnsite childcare facilityOnsite fitness centerOnsite café and nearby restaurantsFree onsite parking available Mondays and Fridays, subject to changeFree offsite parking available with shuttle service Tuesdays, Wednesdays, and ThursdaysFor more details about employee benefits, visit the California Department of Human Resources website.Contact InformationThe Human Resources Contact is available to answer questions regarding the position or application process.Human Resources Contact: CalPERS Careers View phone number on click.appcast.io View email address on click.appcast.io direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.EEO Contact: CalPERS EEO View phone number on click.appcast.io View email address on click.appcast.io California Relay Service: View phone number on click.appcast.io (TTY), View phone number on click.appcast.io (Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.Equal Opportunity EmployerThe State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.