CalPERS Picks Four Firms to Oversee Emerging Market Assets

The nation’s largest public pension fund has selected four investment firms to oversee $1 billion of the programs assets that are invested in emerging market funds.

The California Public Employee’s Retirement System, known as CalPERS, picked AllianceBernstein, of New York, Capital Guardian Trust Company, of Los Angeles, Dimensional Fund Advisors, of Santa Monica, Calif., and Genesis Asset Managers, of London, to manage the assets.