Yesterday, the California Public Employees Retirement System (CalPERS) issued this notice of proposed amendments to its placement agent disclosure rules.   The comment period ends on August 26, 2010.

As first posted, the notice stated that CalPERS' Board of Administration will be considering modified regulations at its meeting next Monday, August 16, 2010.  This didn't make a lot of sense.  When I brought this to the attention of CalPERS, they quickly responded saying that the notice was in error and that the Investment Committee will be considering the modifications at its September 16 meeting.  I'm told that a corrected notice will be posted.

You can read the comments that I submitted before these most recently proposed modifications here.