CalPERS Forms $500M Partnership With Swiss Bank
On Monday, CalPERS announced that it has formed a $500 million infrastructure partnership with UBS Global Asset Management, the largest bank in Switzerland. Under the partnership -- which will operate as Golden State Matterhorn LLC -- UBS will contribute $15 million and manage the operation while the pension fund will contribute $485 million.
- "CalPERS Begins $500M Partnership With UBS" (Young, Sacramento Business Journal, 8/4).