Wednesday, 7 October 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…