PETALUMA, Calif. - Fleshing out an inflation-linked asset class that began taking shape last year, the California Public Employees’ Retirement System is contemplating a new infrastructure portfolio.

At the $247.9 billion fund’s offsite meeting in Petaluma July 23, the CalPERS board considered a report by staff and alternatives consultant Pension Consulting Alliance Inc., Portland, Ore., on establishing a pilot infrastructure investment program. The board didn’t act on the report; instead, the plan for a pilot program will go before the system’s investment committee on Aug. 13, when the panel will decide on whether to implement the plan.

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Posted by rjorr at July 24, 2007 12:07 PM