The two largest pension funds in the United States have launched a database of emerging managers and financial service providers in an effort to boost investment returns.
California State Teachers’ Retirement System(CalSTRS)and the California Public Employees’ Retirement System(CalPERS)say the Emerging Managers and other Financial Service Provider database gives plan sponsors and institutional investors exposure to a wider range of new investment options.
“This tool helps us to scout promising talent to nurture for potentially solid investment payoffs as the managers and funds mature,” says Christopher J. Ailman, chief investment officer for CalSTRS.
The database contains more than 700 members of emerging and under-capitalized managers, funds, partnerships, consultants, researchers, and broker-dealers in 11 asset classes.
It’s available to plan sponsors, endowments, corporations and institutional investors.
For more information, click here.
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