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CalPERS private equity managing investment director to depart

California Public Employees' Retirement System announced that Réal Desrochers, managing investment director of its private equity program, is leaving the pension fund April 7.

After about six years at the pension fund, Desrochers is departing for a position with a large overseas bank. CalPERS named Sarah Corr, an investment director in private equity, as interim head of the program.