People - NOVEMBER 16, 2022

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10X Capital hires former CalPERS and Alaska Permanent Fund CIO Russell Read

by Andrea Zander

Dr. Russell Read, former CIO of CalPERS, the Alaska Permanent Fund, and the Gulf Investment Corporation, and former deputy CIO of Deutsche Bank’s Deutsche Asset Management, is joining 10X Capital as its CIO.

Following Deutsche Bank, Read served as the CIO of the California Public Employees Retirement System (CalPERS), where he managed the investment success of America’s largest pension plan, achieving top decile risk-adjusted returns and growing assets under management (AUM) by over $50 billion to more than $250 billion across global equity, private equity, fixed income, real estate, infrastructure, timberland and commodities investments.

Read subsequently served as the CIO and deputy CEO of the Gulf Investment Corporation, headquartered in Kuwait, representing the finance ministries of the 6 GCC countries of Saudi Arabia, Kuwait, Bahrain, Oman, Qatar and the United Arab Emirates. At GIC, Read managed the organization through a critical transition period, establish

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