CalPERS today issued an RFI in the $161 billion system's search for as many as five managers to handle a total of up to $500 million in environmentally friendly equity strategies. The California Public Employees' Retirement System, Sacramento, seeks responses from domestic and international equity managers no later than Sept. 24 via e-mail to [email protected]
The strategies were approved by the CalPERS investment committee in April, when it also has launched a $200 million private equity program that will invest in environmental technologies. Both stemmed from an initiative by California state Treasurer Phil Angelides to get CalPERS and the $114 billion California State Teachers' Retirement System, Sacramento, to invest up to a combined $1.5 billion in so-called "green wave" environmental initiatives.
