Calpers headquarters is seen in Sacramento, California, October 21, 2009. REUTERS/Max Whittaker (UNITED STATES BUSINESS) - RTXPWO3
Board approved exploring direct investments last month
PE program would continue to invest in funds, emerging managers
Major questions around governance, outside board remain
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 ...