CalPERS Allocates $400M To EM Managers

The California Public Employees’ Retirement System has allocated $400 million to three emerging managers.

The California Public Employees’ Retirement System (CalPERS) has allocated $400 million to three emerging managers, Pensions & Investments reports. The pension fund has appointed TOBAM and Victoria Emerging Markets to run $150 million each.

The retirement system has also assigned $100 million to its existing emerging manager, Quotient Investors. The three managers are part of CalPERS’ manager development program.

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