CalPERS continues $37m STP plan


NEW YORK -- California Public Employees Retirement System (CalPERS), the biggest pension fund in the US, is moving forward with its $37 million four-year STP project, despite the delay of the T+1 deadline and economic conditions that have shrunk the fund manager’s assets under management, says John Korach, chief of CalPERS’ fiscal services division.

Delivering the keynote address at Waters magazine’s 2002 Financial and Risk Management Technology Congress in New York last month, Korach said

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