Randy Diamond (from Pensions & Investments) - CalPERS wants a place for ’in-between’ managers

"'In the future, the alpha is going to be delivered by the smaller, not the megabillion-dollar firms,' said Clinton Stevenson, the investment director of CalPERS' investment management engagement program, in an interview. Mr. Stevenson said smaller firms are more agile than older larger firms and often have new investment ideas."

Read the original Pensions & Investments article here.

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