CalPERS and Strategic Investment Group will take an equity stake in...

CalPERS and Strategic Investment Group will take an equity stake in Golden Capital Management. The $170 billion California Public Employees’ Retirement System, Sacramento, will give Golden $200 million to run in U.S. equities, nearly doubling Golden’s assets under management. CalPERS and Strategic will take a combined 50% equity stake; Golden principals will have a minority stake in the firm. Golden is the third firm to be funded through CalPERS’ manager development program. The pension fund and Strategic also will provide firms help in business management and development.