News

	https://www.next-finance.net/en
	News

CalPERS Responds to News that Bill Gross has Left Pimco

Calpers will continue to monitor developments at Pimco, and will conduct a thorough analysis of his exposure managed by the firm. Calpers has no plans at this time to make changes with his Pimco mandate...

“CalPERS has respect for both Bill Gross and Pimco investment professionals. Pimco manages an international bond fund for CalPERS, valued at approximately $1 billion and representing 1.5 percent of our Fixed Income program. We will continue to monitor developments at the firm, and will conduct a thorough analysis of our exposure managed by them. We have no plans at this time to make changes with our Pimco mandate.” according to a Calpers’press release today.

CalPERS Fixed Income program currently holds approximately $66 billion in fixed income, inflation-linked, and liquidity assets. The portfolio is 95 percent internally managed by CalPERS, with the remaining 5 percent managed by external firms.

The international bond fund managed by Pimco for CalPERS earned 11.2 percent for the most recent fiscal year, outperforming its benchmark by more than two percentage points. The fund has also outperformed its benchmark for the 3-year and 5-year time periods.

Next Finance , September 2014

Add a new comment

Fixed Income

Bond

Debt

Governance

Allocation

Credit

Viadeo

Add a new comment

Focus

News Institutional investor appetite is back for quant funds

The recent CTA performances encourage institutional investors to more closely monitor this type of hedge fund. Thus, according to Preqin, 52% of them wish to increase their exposure to this type of alternative strategy this year (vs 14% last (...)