Face to Face with Dr. Louis Moret

A vocal and long-time advocate of emerging minority managers, CalPERS’ trustee Dr. Louis Moret offers insights into the value of The Consortium and the role it plays in helping plan sponsors meet and identify potential emerging managers. Now in his second year of a four-year term on the CalPERS board, Moret brings more than 30 years experience in public policy, administration and finance and community service to the post. Moret served on the Los Angeles Fire and Police Pension Board, where he was the longest serving appointed member in the history of that retirement system. RG & Associates recently caught up with Dr. Moret to gather his perspectives.

Why attend The Consortium?
The Consortium is one of the best opportunities to meet and start a dialogue with minority managers. The Speed Networking session (aka VIP Connect) is unmatched. It’s an efficient use of time—focused and fast-paced with just enough time to begin a dialogue and identify potential investment talent.

Both trustees and staff members from a few public plans (including CalPERS) attend The Consortium. How is this team approach beneficial?
For plans to gain exposure to talent and ensure investment talent within the emerging manager arena gets the proper consideration, the "push/pull" that a trustee/staff approach fosters is tremendously beneficial. With the team approach, we're able to cover more territory at The Consortium—meet more potential managers, attend more of the sector discussions and ensure that our strategy is aligned. When trustees and staff work in sync, they are better able to ensure a thorough and thoughtful consideration of new talent.

What do you value most about The Consortium?
Exposure to new talent is of tremendous value. Year after year, the event attracts new minority and women-owned funds—funds that might not otherwise be on our radar.

Other Articles in this Newsletter:

Timely Discussions Top the Agenda
Calling All Emerging Managers
LPs Get Serious at The Intensive
RG & Associates Welcomes Gabriele Bowers Harris