CalPERS MDP

Established in 2002, NorthRoad manages concentrated global and international equity portfolios. NorthRoad's investment philosophy is founded on the belief that, over the long term, equity prices should reflect a company's ability to generate returns on its invested capital. NorthRoad was founded by a team of investment and sales professionals that have worked together for many years.

Founded in 1995, Smith manages large cap and small cap U.S. equity portfolios utilizing an earnings surprise prediction methodology that seeks to identify companies which will report earnings that are significantly higher than consensus expectations. Strategic/CalPERS have exited their equity ownership interest although they may retain residual contingent revenue participation or payment interests.

Founded in 2000, Stux is a U.S. equity manager that uses analytically disciplined and quantitative methods to discover and exploit the relationships that exist between publicly available information and subsequent asset performance. The firm models these relationships using a database of timely and relevant macroeconomic and fundamental information and a set of mathematical and statistical techniques.