CalPERS board has `unanswered questions’ about hiring of outside partner

Calpers, private equity, pension fund, Meketa Investment
  • Questions about fees, governance are likely stumbling blocks for board
  • Board Member Margaret Brown: "It just doesn't make sense"
  • AlpInvest, BlackRock among firms in running for the outside partnerhips
California Public Employees’ Retirement System might hire an outside firm to manage its $27 billion private equity program. Then again, it might not. Multiple sources with direct knowledge of the 13-member board said the proposed hiring of an outside partner ...

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