CalSTRS and CalPERS today launched a database of 721 emerging managers and financial service providers covering 11 asset classes. Among the largest categories, one-third of the firms are traditional managers; 28.4% are hedge funds; 13.6% are private equity funds; and 8.9% are broker-dealers.
The database, compiled by consulting firm Altura Capital, is designed to promote efforts by the $156.1 billion California State Teachers' Retirement System and the $228.4 billion California Public Employees' Retirement System, both of Sacramento, to create greater diversity among institutional investors' outside managers and service providers. The database can be found at the funds' websites, www.calstrs.com and www.calpers.ca.gov.
