CalPERS' staff proposed selecting Barclays Global Investors, Baring Asset Management and JPMorgan for a new enhanced index international equity pool. Staff of the $183.6 billion pension fund also proposed that Alliance Capital, PanAgora Asset Management, New Star Institutional Managers and The Boston Co. Asset Management be chosen for an active non-U.S. equity pool.
Funding would come primarily from passively managed international equities, according to a staff memo to the board of the $183.6 billion pension fund. Additional assets might come from CalPERS' existing active international managers or from cash flow.
CalPERS' investment committee will consider the proposal April 18.
Also at that meeting, the committee will interview two finalists in its search for a general consultant: incumbent Wilshire Associates and R.V. Kuhns & Associates. A third finalist, Ennis Knupp, withdrew from consideration, according to a staff memo to the board. David Russell, principal at Ennis Knupp, did not return a call by press time for comment.