CalPERS Investment Office Saves Millions In Expenses Over Five-Year Period - More Cost Effective Than Peers - Reduction In External Managers, Consultants, And Advisors Among Primary Contributors

The California Public Employees' Retirement System (CalPERS) reported that annual ongoing costs for its investment operations have declined by approximately $134 million for the 5-fiscal-year period from 2010-15. The System also reported that it was found to be cost-advantaged in a CEM Benchmarking (CEM) survey, when measured against its peers.