The deal marks the first major real asset investment since CalPERS hired its new sector chief Paul Mouchakkaa to replace now-CIO Ted Eliopoulos.
In addition to losing two more key investment personnel, the $20 billion firm will also merge two of its public equity funds.
Two investment consultants that stayed out of the OCIO game have joined forces in the UK.
Performance-linked compensation schemes, according to a study of 2,500 individual funds.
Nearly 75% of private equity funds in 2011 relied on allocator-manager matchmakers, according to research.
After a volatile eight-year run, the $1.7 billion hedge fund will become a family office.
An equal portion of large and small hedge funds hold the same popular stocks, Novus says.
If an ex-investment banker is in charge, expect plenty of financial engineering, Harvard researchers say.
PIMCO’s flagship fund lost $5.6 billion in April, bringing down its total assets to $110.4 billion, the firm said.
Firms interested in doing business with the funds will have to reveal staff demographics, according to the city’s comptroller.