Sacramento Bee-

CalPERS on Wednesday named its third chief financial officer in 14 months, announcing that it’s hiring former California state Finance Director Michael Cohen for one of the top positions at the $360 billion pension fund.

Cohen, Gov. Jerry Brown’s top budget officer since 2013 until he resigned last week, will join CalPERS on Oct. 1. He also was appointed by Brown this month to join the University of California Board of Regents.

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