Netherlands: Dutch asset manager Robeco says it expects its recent CalPERS enhanced EAFE index mandate to exceed $300m. Robeco was one of fourteen managers recently appointed by the California public employees scheme from a shortlist of twenty-two.
The $165bn Sacramento-based fund launched an extensive search last year and recently selected fourteen investment houses to oversee a total of up to $11bn. Of those appointed (see below) only Newport, Nomura, Oeschle and Schroders have worked with the fund before.
CalPERS' asset managers will run ten international mandates, three pacific basin mandates and one Japanese mandate. CalPERS' appointments complete its search for managers for developed markets but the fund says it will begin searching for firms to fill emerging market mandates next month.
Baillie Gifford Overseas Limited
Fidelity Management Trust
GE Asset Management
Grantham, Mayo, Van Otterloo & Co
Mastholm Asset Management
Newport Pacific Management
Nomura Asset Management
Oeschle International Advisors
Putman Institutional Management
Schroder Investment Management
Zurich Scudder Investments