CalPERS Keeps Eye on High Yield Manager

Braunschweig, Carolina
May 2006
Investment Management Weekly;5/15/2006, Vol. 19 Issue 19, p1
Reports on the California Public Employees' Retirement System (CalPERS) pension fund's renewal of contracts with its four external high yield managers. Underperformance of ING Ghent Asset Management, one of the plan's managers; Returns of the pension fund's junk bond portfolio of $1.48 billion; Cost of funds being managed by ING Ghent.


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