September 22, 2011
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Wayne Davis, Information Officer
CalPERS Seeks External Investment Partners for Multi-Asset Class Portfolio
SACRAMENTO, CA – The California Public Employees' Retirement System (CalPERS) is seeking external strategic partners to manage a multi-asset class portfolio and provide insights and analytics on asset allocation and portfolio construction decisions.
CalPERS expects to retain two or three firms to manage a total of up to $2 billion in assets. The solicitation begins September 23, 2011, and ends on October 21, 2011.
"The external partners will have discretion to invest in and move assets across a range of investments in the CalPERS portfolio, within a risk framework," said Farouki Majeed, CalPERS Senior Investment Officer, Asset Allocation and Risk Management. "The objectives of the strategic partnership are to generate excess returns and help us develop more dynamic asset allocation and risk-budgeting capabilities."
CalPERS will seek managers based on a set of minimum qualifications and questions. Finalists will be selected using a scoring and ranking system.
Investment managers can submit proposals through CalPERS Investment Proposal Tracking System. For information on minimum qualifications, the solicitation process and how to submit a proposal, go to the Investment Proposals page. Click on the "MAC Partners" link in the "Special Instructions for Open Solicitation" in the right navigation bar.
CalPERS is the nation's largest public pension fund with approximately $224 billion in market assets. It administers retirement benefits for 1.6 million active and retired State, public school, and local public agency employees and their families and health benefits for more than 1.3 million members. The average CalPERS pension is $2,220 per month.