{"id":603411,"date":"2009-10-23T07:08:02","date_gmt":"2009-10-23T11:08:02","guid":{"rendered":"http:\/\/www.pehub.com\/?p=53574"},"modified":"2009-10-23T07:08:02","modified_gmt":"2009-10-23T11:08:02","slug":"calpers-reviewing-relationship-with-apollo","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/603411","title":{"rendered":"CalPERS Reviewing Relationship with Apollo"},"content":{"rendered":"

\"\"<\/a>NEW YORK (Reuters) - Calpers, the biggest U.S. public pension fund, is reviewing its business relationship with Apollo Global Management, examining fees, performance and the “relationship as a whole,” the Wall Street Journal reported on Thursday, citing documents outlining the review.<\/p>\n

The review was started in May and is still active, the paper reported. Calpers, the California Public Employees’ Retirement System, has hired outside adviser Houlihan Lokey Howard & Zukin to analyze the relationship and to offer “alternative courses of action,” it said.<\/p>\n

The Wall Street Journal received access to the documents through a public-records request.<\/p>\n

Calpers’ relationship with Apollo has become subject to outside scrutiny since the pension fund said last week that it is probing fees paid by outside money managers to win its business.<\/p>\n

The pension fund listed several of Apollo’s funds as having paid fees to ARVCO Financial Ventures, a firm headed by former Calpers board member Al Villalobos.\u00a0<\/p>\n

Calpers and Apollo could not be immediately reached for comment.<\/p>\n

A Calpers spokeswoman told the Journal that the review was part of a larger strategy.<\/p>\n

“This is not an effort to end our partnership and we have full confidence in Apollo,” she said. (Reporting by Michael Erman; Editing by Lincoln Feast)<\/p>\n

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NEW YORK (Reuters) – Calpers, the biggest U.S. public pension fund, is reviewing its business relationship with Apollo Global Management, examining fees, performance and the “relationship as a whole,” the Wall Street Journal reported on Thursday, citing documents outlining the review. The review was started in May and is still active, the paper reported. Calpers, […]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-603411","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2wYr","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/603411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=603411"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/603411\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=603411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=603411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=603411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}