CalPERS To Trim Private-Equity Managers

Mani

Published onJanuary 20, 2015

Updated on May 13, 2021

Close on the heels of its elimination of its allocation to hedge funds last year, CalPERS announced on Tuesday it had also decided to slash the number of private equity managers it employs to drive down costs.

The largest U.S. pension fund said it would team up with other investors to drive down fees.

CalPERS to prune PE managers to 120 or fewer

In a story published today in Financial Times, CalPERS’ chief investment officer Ted Eliopoulos said the $292 billion pension fund could trim the...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

CalPERS To Trim Private-Equity Managers

CalPERS to prune PE managers to 120 or fewer

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