CalPERS reportedly in talks with BlackRock to manage $26.2 bln portfolio
Could require months-long process, given requirement for public entities
Board member: we weren't informed, learned about it from news reports
Could the world’s biggest asset manager be the solution to the private equity difficulties of the nation’s largest pension fund? California Public Employees’ Retirement System is at least entertaining that possibility: CalPERS is in talks with BlackRock over a potential outsourcing of ...