Last Friday, State Comptroller DiNapoli announced the appointment of Vicki Fuller as the new chief investment officer for the $150.3 billion state Common Retirement Fund.

Fuller’s replaces Raudline Etienne, who had served three years as CIO, Marjorie Tsang served as interim CIO during the search process. Fuller, who starts Aug. 30, will earn $300,000.

The state’s Common Retirement Fund is the third-largest public pension fund in the nation.  It holds assets in trust for more than one million employees and retirees from state and local governments as well as public authorities.  According to the Comptroller, the Fund earned an estimated 5.96-percent rate of return for the state’s 2011-2012 fiscal year.