Institution: California Public Employees’ Retirement System
Headquarters: Sacramento, California
Allocation to alternatives: 19.97%
California Public Employees’ Retirement System agreed to a general investment consultant contract with Wilshire Associates, Inc., as well as a private equity investment consultant contract with Meketa Investment Group. Both institutions have had long affiliations with CalPERS; Wilshire has provided consulting services to the pension for 30 years, and Meketa for over 10 years.
CalPERS anticipates that both contracts will have three-year terms, with each containing two one-year extension options. The current agreements both expire on 30 June 2020.
As illustrated in the charts below, the $387.81 billion US public pension devotes 19.97 percent of its investment portfolio to alternative assets. Mr. Yu (Ben) Meng is the current Chief Investment Officer.
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