CalPERS Seeks Inflation-Linked Firms

August 4, 2008

The California Public Employees' Retirement System (CalPERS) is aiming to establish a pool of managers to oversee three types of inflation-linked asset class strategies: infrastructure, forestland and commodities. Clark McKinley, spokesman for the plan, said: 'Three of the four parts of the inflation-linked asset class are in place, with approved policies by the board (commodities, forestland and inflation-linked bonds). The infrastructure policy, which is more complicated, could go to the board as early as Aug. 18, when its investment committee considers the policy recommended by the investment committee policy subcommittee.'

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