Asset Management Culture
CalPERS Taps Yup Kim as Private Equity Investment Director
He joins the $407.5 billion pension giant from Alaska’s sovereign wealth fund.
Report finds size matters, as the larger the fund, the higher the compound annual growth rate was from 2014 to 2019.
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At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
Investments in them could end up in Davy Jones’ locker if the ocean swallows the coastlines.
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