California Pension Paid Firms $1.2 Billion to Manage Investments
The California Public Employees' Retirement System, the largest U.S. pension, paid Wall Street firms almost $1.2 billion last fiscal year to manage investments, up 20 percent from a year earlier. Calpers said fees paid to external firms for performance ...
CalPERS Seeks Fresh Faces to Manage Investments
CalPERS spends $1.3 billion for managing investments in fiscal year 2013