CalPERS

Investment Office

Under the general direction of the CalPERS Board of Administration, Investment Committee, and Executive Office, the Investment Office is responsible for the successful investment of CalPERS funds. Individual investment decisions are made by an internal trading staff as well as external equity managers on behalf of the Board. Trading decisions are governed by policies established by the Investment Committee in accordance with applicable law and are reported to the Investment Committee on a monthly basis.

Dated: 01-11-2012