Calpers mdp program

Welcome to IPE. This site uses cookies. Read our policy. The giant Dutch scheme ABP is not the first large pension fund to encourage innovative asset management firms and invest in them. The innovative programme is still at a very early stage, but its philosophy and first steps make a very interesting case history. In practice, Calpers selects emerging money managers, gives them assets to invest and takes a significant minority equity position in the firms.

The investment phase, in which firms and individuals are chosen as money managers, is expected to last up to three years. As the firms grow and mature, the fund will try and realise profits from its equity positions when a firm goes public or when its stake is purchased by others. Highcrest Advisors is a joint venture between two California-based firms, Progress Investment Management a multi-managers investment management specialist and Putnam Lovell Capital Partners the private capital affiliate of investment bank Putnam Lovell Securities.

The partners will also assist the firms by providing assistance and support in business management, accounting, technology infrastructure, marketing, and other services that are needed to succeed. Calpers and its MDP partners defined some flexible criteria to select the emerging firms the list can be browsed at the website www. The selected investment firms will manage only marketable asset for Calpers. In particular, no real estate, commodities, natural resources or other non-financial assets are allowed.

Derivatives are to be used exclusively for hedging. Since , the TOBAM team has implemented a unique quantitative investment approach based on original research on maximizing diversification in investments. In , in line with its global development ambitions, the company partnered with Investeam in Canada to expand their regional presence. The retirement system administers retirement benefits for more than 1.

Strategic Investment Group provides Integrated Portfolio Solutions, a comprehensive approach for managing customized portfolios for institutional and private investors. Since its inception in , Strategic has been investing in emerging managers, both with and without equity participation, acting as a seasoned and experienced partner in emerging manager programs.