X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
CalPERS spent $279.2 million in fiscal 2016 for external managers. (Photo: Getty)

(Bloomberg) — The California Public Employees’ Retirement System, the largest U.S. public pension, is developing plans to shift as much as $30 billion from external to internal managers as it seeks to reduce fees.

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.