US - The California Public Employees' Retirement System (CalPERS) have planned to pay fund managers on a performance only basis because of underperformance in a move that could potentially shake up the industry.
The proposal was an information item presented to the CalPERS Investment Committee on Monday and was part of a proposed restructuring of the $1bn Global Equity asset class. This allocation includes...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
