California Dreamin': CalPERS Restructures Its Trading Operations
With the weight of $237 billion under management, when the California Public Employees Retirement System (CalPERS) speaks, people listen. Its officials’ remarks and statements concerning industries or companies in which it has significant investments can influence management or other investors.
Investment strategy is not the only area in which CalPERS operations can have influence, however. The pension plan restructured its portfolio management and trading operations over the past two to three
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