US - CalPERS, the giant $143bn California Public Employee's Retirement System, is considering putting all of its externally managed US growth equities mandates - worth a combined $3.8bn - out to tender.
Presently, CalPERS has five US growth managers. Brown Capital runs $697m; Geewax Terker, $668m; Goldman Sachs, $938.2m; Putnam Investments, $810.5m; and Oak Associates, $695.1m. Next week, the fund...
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