CalPers chooses AXA for European equity brief
US – The US$160bn (e171.5bn) California Public Employees Retirement System (CalPers) has selected AXA Rosenberg Investment Management to manage a US$600m European broad market equity portfolio, benchmarked against the FTSE Europe index. The brief will be managed by the company’s London office.
“The award of a Europe mandate from a well-known and prestigious client such as CalPers recognises the strength of our investment approach, which uses a series of centralised expert systems to analyse data and build portfolios in all markets of the world,” says Ceil Baron, director of marketing at AXA Rosenberg in Orinda, California.
The manager currently has US$2.3bn assets under management in European equities.