CalPERS Seeks Environmental Equity Investment Managers.SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif. -- The California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Public Employees' Retirement System (CalPERS CalPERS California Public Employees' Retirement System ) today began looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. investment managers to manage up to $500 million in environmental investment strategies. CalPERS is seeking information from experienced U.S. and international managers who have a superior track record of managing assets using environmental strategies, including: --Strategy name, amount of assets in the strategy and number of clients, its benchmark, inception date of performance; and percentage of total firm assets in the strategy; --Monthly returns of the strategy and its benchmark from inception through July 2004 for strategies with at least $5 million of assets; --Indicate if assets are in a commingled fund Commingled Fund A type of mutual fund consisting of assets from several accounts that are blended together. Sometimes called a "pooled fund." Notes: They are "commingled" to reduce the costs of managing them separately. or separate account. If both, specify amount of assets in each. --Description of the strategy and if it is marketed as an environmental strategy, socially responsible investing Socially responsible investing describes an investment strategy which combines the intentions to maximize both financial return and social good. In general, socially responsible investors favor corporate practices which are environmentally responsible, support workplace diversity, strategy, sustainability strategy, or other. Potential investment firms should provide information to CalPERS by close of business, September 24, 2004 via email at manager_search@calpers.ca.gov. In April 2004, CalPERS Board of Administration adopted an environmental investment strategy that targets investments in stock portfolios that use environmental screens. CalPERS has also launched a $200 million Environmental Technology Program that makes private equity investments in environmental technology solutions. CalPERS has assets totaling more than $166 billion. The System provides retirement and health benefits to more than 1.4 million State and local public employees and their families. For more information on CalPERS, please visit www.calpers.ca.gov. |
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