California Public Employees' Retirement System, Sacramento, as expected, approved a $100 million commitment to Alta California Partners II, an alternative investment fund that will primarily make early stage investments in life sciences and information technology companies.
At least 60% of the fund's investments are to be made in California.
The $143 billion pension fund has $4.4 billion committed to alternative investment partnerships and another $3.4 billion available for investment.
Kathy Perry was named director of equities for the Alberta Treasury Department, Edmonton, for its C$4 billion (U.S.$2.66 billion) pension funds.
Ms. Perry replaced an interim director, said Shannon Taylor, spokeswoman.
The department's last full-time director of equities was John Campbell, who left in January 1997.
