CalPERS and Strategic Investment Group allocated an additional $100 million to be invested in Golden Capital Managements large-cap value and small-cap core strategies. Golden, which is part of the funds manager development program, was allocated $200 million last December by the $150 billion California Public Employees Retirement System, Sacramento.
Separately, State Street Global Advisors contract to manage $17.7 billion in passive international assets was renewed, and Michael Flaherman and Sean Harrigan were re-elected to one-year terms as chairman and vice chairman of the investment committee, respectively.
CalPERS investment committee also approved seven target managers for the funds $4.1 billion domestic growth equity portfolio: Aeltus; Fifth Third Bank; Franklin Templeton Institutional; Goldman Sachs Asset Management; INVESCO; New Amsterdam Partners and TCW. Two to four of those firms will be presented as finalists at the investment committees May meeting.