CalPERS invested an additional $218 million in an existing global fixed-income portfolio managed by Columbia Threadneedle Investments and $70 million in an existing global fixed-income portfolio managed by Pacific Investment Management Co., according to documents recently posted on the $385.1 billion pension fund's website.
Megan White, spokeswoman for the California Public Employees' Retirement System, Sacramento, said in an email that she had no further information about the investments.
PIMCO managed a total of $1.5 billion in fixed income as of June 30. Additional information on the Columbia investment is unavailable.
Separately, the investment committee on Nov. 18 is scheduled to decide whether to hire Wilshire Associates as its general investment consultant and Meketa Investment Group as its private equity consultant, real estate consultant and infrastructure consultant. CalPERS issued an RFP on March 8. The incumbents are Wilshire Associates, general investment; Meketa Investment Group, private equity and infrastructure; and Pension Consulting Alliance, real estate. Meketa acquired PCA this year.
The current general investment consultant, private equity and infrastructure consultant contracts are set to expire June 30, 2020. The real estate consultant contract is set to expire March 31, 2022. The board realigned all of the consulting contracts to run from July 1, 2020, through June 30, 2023.