Friday, 27 November 2015
Last updated 4 min ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…