INVESTOR PROFILE

CalPERS picks infrastructure adviser

CalPERS’ board has named Meketa its new infrastructure consultant, citing its high ratings and setting aside investment office calls to have a single adviser for infrastructure and real estate.
ANALYSIS

CalPERS says consultants could do better

CalPERS is happy with its consultants, except for their performance in recommending ways to control fees and costs and their presentation of new investment ideas, a board rating reveals.