CalPERS board hears more detail on direct investment plan

Calpers, private equity, pension fund
Calpers headquarters in Sacramento, California, Oct. 21, 2009. REUTERS/Max Whittaker
California Public Employees’ Retirement System’s board expressed cautious optimism on the prospects of a new private equity investment model its staff introduced to the public last month. The plan, CalPERS Direct, would launch two new investment platforms managed by a ...

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