Senate Bill

SB 294 (Price) – Emerging Investment Managers

Requires CalPERS and CalSTRS to define the term “emerging investment manager” and, beginning August 1, 2012, provide a five-year strategic plan for emerging investment manager participation across all asset classes. Beginning March 1, 2014, and annually thereafter until January 1, 2018, requires the boards to submit an annual report on the progress of the plan to the Legislature.

  • Version: Chaptered (Chapter 701, Statutes of 2011)
  • Sponsor: Author
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

As amended 5/9/2011