CalPERS deal is first toehold in US, says France’s TOBAM

Yves Choueifaty, president of Paris-based asset manager TOBAM, has told IPE that an investment in his business by the California Public Employees’ Retirement System (CalPERS) in a joint venture with Strategic Investment Group, as well as a large global equities mandate from the plan, will be the “seal of approval and quality” with which to launch its development among US institutional investors.