Sun, Aug 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

CalPERS announces outreach workshop for emerging manager programs

Monday, October 01, 2012
Opalesque Industry Update - The California Public Employees’ Retirement System (CalPERS) today announced that they will partner with the California State Teachers' Retirement System (CalSTRS) to host a workshop on December 3, 2012 for emerging managers seeking to become investment partners with the Pension Funds.

The workshop will provide prospective managers with an overview of CalPERS and CalSTRS emerging manager investment programs, insights into the organizational and structural attributes that are important factors in the Pension Fund's assessment of promising emerging firms, and instructions on how to submit investment proposals. CalPERS and CalSTRS Chief Investment Officers, Joe Dear and Chris Ailman, will participate in the workshop.

“We have heard loud and clear from the emerging manager community that we can do a better job with our external outreach,” said Joe Dear. “As we’ve detailed in our Emerging Manager Five-Year Plan, we will increase our communication, marketing and networking with the emerging manager industry and this workshop is a continuation of our work to that end.”

CalPERS is a leader in providing opportunities to manage assets by seeking the broadest possible pool of talent from emerging managers. Following the global market collapse in 2009 emerging managers received 18 percent of the capital commitment to external managers for the CalPERS private equity program. This is the same level that was provided during the boom years before the market collapse.

In the last three years, CalPERS has committed approximately $1 billion to emerging manager strategies in the areas of private equity, global equity, hedge funds and real estate including the fund to be managed by Canyon Capital.

Currently, CalPERS has $9.7 billion invested with more than 300 emerging managers, representing more than 11 percent of externally managed capital.

The workshop is the first of four workshops that CalPERS has committed to as part of its plan. It will take place at CalPERS Headquarters from 8:00 a.m. – 1:00 p.m. in Sacramento, California. Registration details will be available on the CalPERS website soon.

CalPERS Emerging Manager Five-Year Plan can be found in its press room at www.calpers.ca.gov.

CalPERS is the nation’s largest public pension fund, with approximately $240 billion in assets. It administers retirement benefits for more than 1.6 million active and retired California State, public school, and local public agency employees and their families on behalf of more than 3,000 public employers; and health benefits for more than 1.3 million enrollees.

The California State Teachers' Retirement System, with a portfolio valued at $150.6 billion as of June 30, 2012, is the largest teacher pension fund and second largest public pension fund in the United States. CalSTRS administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and defined contribution plans, as well as disability and survivor benefits. CalSTRS serves California's 856,000 public school educators and their families from the State's 1,600 school districts, county offices of education and community college districts.

fg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner