CalPERS to allocate $2bn to "strategic partners"

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US - The California Public Employees' Retirement System (CalPERS) plans to dole out $2bn to up to three strategic partners to manage multi-asset class mandates.

The managers will have discretion to invest in a number of different asset classes as long as they stay within a certain risk parameter. Officials at the $222bn pension fund expect to hire two-thre...

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