Background and History
- Registered Investment Advisor founded in 1999 by three principals:
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CalPERS Manager Development Program – March, 2001
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Third firm funded under CalPERS MDP
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Only firm funded de novo under CalPERS MDP
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Infusion of working capital
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CalPERS allocated $100 million for a Midcap mandate.
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Ownership: Principals and Employees own 60% of firm
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Investment Products – Total AUM = $325 million
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Midcap US Equity – $298 million
Benchmarks = Predominantly Russell Midcap® Index
Established July, 2005
Original Midcap strategy established in April, 2001
converted to Russell Midcap® benchmark in April, 2007 -
Large Cap Value US Equity – $16 million
Benchmark = Russell 1000® Value Index
Established February, 2006 -
130/30 Alpha Extension – $11 million
Benchmark = Russell 1000® Index
Converted from Market Neutral - June, 2007
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