CalPERS opens bids for younger GPs as part of $11 bln plan


A mother with her children at the seaside at sunset. Photo courtesy ©iStock/Ruslanshug
  • $288 bln pension system seeks new GPs
  • LP deploys $7 bln program
  • CalPERS commits $4 bln to emerging managers
California Public Employees’ Retirement System reiterated plans to target as much as $11 billion to emerging and transition managers by 2020 to tap younger shops with strong potential. CalPERS planned to open in July a formal solicitation for investment proposals, with an ...
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