CalPERS at its April 11 investment committee meeting will review the external managers running its $123.6 billion global equity program, according to an agenda item for the meeting.
Clark McKinley, spokesman for the $225.3 billion California Public Employees’ Retirement System, Sacramento, in an e-mail said the action was “a routine item to review external management opportunities for the global equity portfolio. … Periodically, we find it useful to check out the field of managers that are out there and what they may offer us, including existing and potential managers.”
Mr. McKinley said there are no specific needs for additional strategies at this time or plans to put additional capital into the asset class.
Global equity is the system’s largest asset class.