CalPERS Plans Managed Account Platform Search

Oct 11 2013 | 10:37am ET

The California Public Employees' Retirement System is in the market for a managed accounts platform.

The public pension, the largest in the U.S., plans to issue a request for proposals for a platform provider, Pensions & Investments reports. The platform will be used as part of CalPERS' $5.2 billion hedge fund portfolio.

That portfolio is undergoing some big changes, including the elimination of its fund of hedge funds allocation in favor of direct hedge fund investments. In addition, CalPERS plans to add event-driven and quantitative equity-market neutral allocations, and a 6% allocation to discretionary global macro.

Those changes must still be approved by CalPERS' board.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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