TOBAM is delighted to inform you that the California Public Employees’ Retirement System (CalPERS) has awarded TOBAM a $150 million Global Equity mandate via the Manager Development Program II (MDP II), managed by Strategic Investment Group. CalPERS has also taken a minority equity stake in TOBAM, an employee-owned company.

As you can imagine, this represents a major milestone in TOBAM’s international development, its first mandate with a leading US pension fund. We believe that this mandate is a sign of Strategic’s and CalPERS’ confidence in our investment approach, and confirms the accuracy and efficiency of the Anti-Benchmark concept as an innovative solution for the world’s leading institutional investors. We are convinced that this backing from a leading US pension fund, as both a shareholder and client, will be constructive and rewarding for our clients as well as for our company.