Administration August 2, 2002

CalPERS Completes International Manager Selection

February 20, 2001 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS), the nation's largest pension fund with over $165 billion in assets, has completed its international manager search by naming 14 new investment firms to provide international equity active management.
Reported by

Some $6 billion to $11 billion is invested internationally.

The new managers  are comprised of 10 international equity firms, three Pacific Basin managers, and one Japanese manager whose names were culled from qualified managers as part of an international search.

Victorious

The new managers are:

  • Artisan Partners
  • Baillie Gifford Overseas Limited
  • Fidelity Management Trust Company
  • GE Asset Management
  • Grantham, Mayo, Van Otterloo & Co., LLC
  • Mastholm Asset Management LLC
  • Oechsle International Advisors
  • Putnam Institutional Management
  • ROBECO Group
  • Schroders Investment Management N.A.
  • Blackrock International, LTD
  • Newport Pacific Management
  • Nomura Asset Management USA Inc.
  • Zurich Scudder Investments.

Today’s selection completes CalPERS search for international money managers for developed markets.

The System approved hiring three European managers at its October 2000 Investment Committee. They included Capital Guardian Trust Company, Axa Rosenberg Investment Management LLC, and Bank of Ireland Asset Management.

CalPERS will launch a search for emerging market international money managers next month.  The search is expected to be completed by the end of the year.

– Chuck Epstein     editors@plansponsor.com

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