The California Public Employees' Retirement System (Calpers) has appointed four investment advisory firms to handle special investment projects for the $165.8bn (€139bn) fund, in a move to broaden the range of advice it receives.

The four firms, Pension Consultant Alliance, Russell Investment Group, RV Kuhns & Associates and Strategic Investment Solutions, will advise on specialist projects but may also be used for asset allocation, investment policies and fund manager selection. Calpers does not have a retained house adviser.

Calpers names four specialist investment consultants

Pirkko Juntunen

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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US law firm hires private equity specialist from key client

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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Demand is up for private aviation, the luxury that separates the 1% from the 0.1%.

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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