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CalPERS expanding horizons.(News & Numbers)(California Public Employees' Retirement System)(Brief article)

Government Finance Review

| February 01, 2007 | COPYRIGHT 2007 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The California Public Employees' Retirement System (CalPERS) recently announced a three-year plan to offer its own set of investment products to local government workers outside of their pensions. If successful, CalPERS potentially would rollout the offering nationwide to consumers.

The CalPERS money managers will create a type of mutual fund using the same kinds of investments already in CalPERs' portfolio. It expects to be able to offer the investments at a relatively low fee while ...

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Source: HighBeam Research, CalPERS expanding horizons.(News & Numbers)(California Public...