Anson replaces Daniel M. Szente, who resigned last month after accepting a higher-paying position in the private sector. While salary has not been released, Szente earned about $400,000 last year, including bonuses.

Anson, who has been with CalPERS for more than two years, began his new job this week, after an announcement was made at a CalPERS board meeting in Sacramento. He originally joined CalPERS as a senior principal investment officer for the retirement system's domestic equity program.

CalPERS' $151 billion portfolio invests in stocks, bonds, private equity and real estate. The returns on these investments pay the pensions of state retirees.

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