CalPERS’ board today adopted a target list of 15 active emerging markets managers to handle a total of $1 billion to $1.5 billion.
The $160 billion California Public Employees’ Retirement System, Sacramento, plans to convert its $1.5 billion in emerging markets assets — now all passively managed by State Street Global Advisors — to active management.
Firms on the list are: Alliance Capital; Sanford C. Bernstein; Capital Guardian; Deutsche; Dimensional Fund Advisors; Foreign & Colonial; Genesis; Grantham, Mayo, Van Otterloo; J.P. Morgan; Putnam; Rexiter; Schroder; SSgA; Franklin Templeton; and Wellington Management. Selections are slated for November.
