CalPERS Eyes Multi-Asset Managers

Sep 23 2011 | 11:20am ET

The California Public Employees' Retirement System hopes to hire two or three firms to run a multi-asset class portfolio for the nation's largest public pension fund.

The $224 billion plan today began a solicitation for external strategic partners. CalPERS said the two or three firms retained would manage a multi-asset class portfolio and offer insights and analytics on asset allocation and portfolio construction.

"The external partners will have discretion to invest in and move assets across a range of investments in the CalPERS portfolio, within a risk framework," Farouki Majeed, senior investment officer for asset allocation and risk management, said. "The objectives of the strategic partnership are to generate excess returns and help us develop more dynamic asset allocation and risk-budgeting capabilities."

The solicitation ends on Oct. 21. Instructions are available on the CalPERS Web site.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...