CalPERS tenders for high yield managers

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CalPERS, the giant $152bn pension scheme for California's public employees, has started its search for active managers to run approximately $1bn to $2bn in US corporate high yield and / or leveraged loan securities, as reported in March by IPN.

The search closes to managers on June 22. Interested asset managers that are not on the databases of either Investorforce or consultants Wilshire Associates can obtain a copy of the request for pro...

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