Investor Profile
How CalPERS aims to add 50-60 bps using TPA
Stephen Gilmore says he can add 50 to 60 basis points to portfolio returns by using a total portfolio approach. In a long interview, Amanda White spoke to the CIO of CalPERS about why a TPA mindset can add value, simplify accountability and open new opportunities for investments.
Amanda WhiteDecember 16, 2025

