US/EUROPE - The California Public Employees' Retirement System (CalPERS) is to invest US$200m (€157m) in the Governance for Owners Group's (GO) European Focus Fund, which invests in a small number of under-performing quoted companies across Europe.
CalPERS said it would also take a 6% stake in GO - an independent partnership between major financial institutions, share owners and executives - whose partners include Railpen and private investme...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here