CalPERS reconsiders placement agents

Thu Nov 5, 2009

The California Public Employees' Retirement System is undertaking a special review of fees paid by its external managers to placement agents and their related activities.

The review was sparked by the information provided to the $200 billion pension fund by a private equity firm that used a placement agent firm headed by former CalPERS board member Al Villalobos.

The special...


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