Sun, Oct 23, 2016
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

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.


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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p