Key Takeaways
- • CalPERS committed an additional $288 million across two existing fixed-income relationships, with Columbia Threadneedle and PIMCO, according to Pensions & Investments.
- • The allocation was reported on November 15, 2019 by Arleen Jacobius of Pensions & Investments.
- • The primary source excerpt provided contains only the headline, byline, and publication date, so the allocation split between the two managers and the mandate details could not be confirmed from it.
Summary
The California Public Employees' Retirement System (CalPERS) placed an additional $288 million with Columbia Threadneedle and PIMCO, according to a November 15, 2019 report by Pensions & Investments reporter Arleen Jacobius. The headline indicates the funds were allocated across both managers, though the source material available for this summary does not specify the dollar split between the two firms, the specific strategies or mandates involved, or the benchmarks and fee terms.
The move reflects CalPERS' continued use of multiple external managers to deploy capital, a practice the largest US public pension has relied on across asset classes. Readers seeking the allocation breakdown, mandate categories, and any performance rationale should refer to the original Pensions & Investments article.
The move reflects CalPERS' continued use of multiple external managers to deploy capital, a practice the largest US public pension has relied on across asset classes. Readers seeking the allocation breakdown, mandate categories, and any performance rationale should refer to the original Pensions & Investments article.
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