Almost as many P&I Online readers believe the California Public Employees' Retirement System should decrease active management of its equity portfolio as those who believe the pension fund should increase active management.
CalPERS' investment committee is considering cuts to active management, and is expected to make a decision in five months. The news prompted P&I Online to run a poll asking "What do you think CalPERS should do?"
It was practically a dead heat between two of the answers: 31.5% chose "increase active equity management," and 30.6% chose "decrease active equity management." Almost 24% of respondents thought CalPERS should "eliminate all active equity management" from its portfolio. The remaining respondents said current levels should be maintained.
According to P&I's Research Center, 27% of the fund's equity assets are actively managed.