CalPERS retained State Street Bank, which has been master custodian for the $170 billion system since 1992, for three more years. California Public Employees’ Retirement System, Sacramento, will pay $5.9 million annually in custodial fees, said Brad Pacheco, CalPERS spokesman. The three other finalists in the search dropped out before its completion.
CalPERS retained State Street Bank, which has been master custodian...
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