CalPERS hired Neuberger Berman to manage $100 million in a global fixed-income strategy, said agenda materials for the $300.5 billion pension fund’s Nov. 14 investment committee meeting.
The investment was made in August using delegated authority and did not need approval from the investment committee.
An e-mail to Megan White, spokeswoman for the California Public Employees’ Retirement System, Sacramento, for more information on the strategy was not returned by press time.
