Pension Giant Calpers Buys Pam, Confirms State Street's Bookkeeping

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The largest pension plan in the United States, the California Public Employees' Retirement System (Calpers), with approximately $120 billion in assets under management, has hired Princeton Financial Systems to provide portfolio management and accounting systems that will back up the accounting systems State Street Bank of Boston provides for Sacramento-based Calpers.

"Eventually when the Princeton software is in place it will oversee all of our assets, providing a second safeguard or

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