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California Public Employees' Retirement System CalPERS

PRI reporting framework 2019

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You are in Strategy and Governance » Outsourcing to fiduciary managers and investment consultants

Outsourcing to fiduciary managers and investment consultants

SG 12. Role of investment consultants/fiduciary managers

New selection options have been added to this indicator. Please review your prefilled responses carefully.

12.1. Indicate whether your organisation uses investment consultants.

12.2. Indicate how your organisation uses investment consultants in the selection, appointment and/or monitoring of external managers.

Asset class

Asset class

12.3. Indicate if your organisation considers responsible investment in the selection, appointment and/or review processes for investment consultants.

12.4. Indicate whether you use investment consultants for any the following services. Describe the responsible investment components of these services.

Describe how responsible investment is incorporated

          Wilshire provides external consulting to the CalPERS Board on public asset class investments.  In 2017, Wilshire appointed a new Vice President of Responsible Investment Research & Consulting. PCA Consulting also provides consulting to CalPERS’ Board and has a Head of ESG/Sustainability effort
        

12.7. Additional information [Optional].

Private Equity

CalPERS' Private Equity has moved away from using external consultants and relies on Investment Staff for investment decisions. External consultants are occasionally used to provide specialized perspective to augment PE staff's primary work.

Customized Investment Accounts or direct investments, consultants provide a prudent person opinion. In that capacity, they are acting as a fiduciary.

Global Equity

CalPERS Global Equity does not use external consultants and relies on Investment Staff for all investment decisions and monitoring of external managers.


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