Sunday, 19 April 2015
Last updated 12 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…