Pillsbury Winthrop Shaw Pittman LLP

CalPERS' assets are managed by the CalPERS Board of Administration. CalPERS invests across a range of asset classes including global equity, private equity, fixed-income, real estate, infrastructure, forest land, inflation-linked bonds, liquidity and trust level. Strategies are managed both internally and through external managers. CalPERS' Global Equity Strategy is responsible for CalPERS investments in securities traded in global public equity markets, including in-house management of index-oriented and active strategies, externally managed active strategies, the Multi-Asset Class Partners Program, and active strategies run by emerging managers (Global Equity Emerging Manager Program). Global Equity is the principal asset class providing growth exposure in the strategic asset allocation. CalPERS Income Strategy primarily consists of US and international fixed income strategies. CalPERS' inflation-linked asset class is made up of two main asset types: commodities (including commodity futures, forwards, swaps, structured notes, and options) and inflation-linked bonds. Forestland investments are long-term investments. The return drivers include biological growth, timber prices, and land values. Forestland targets investments within the timber and agriculture sectors. CalPERS' Liquidity Strategy consists of highly liquid short-term securities with maturities of less than 10 years. Real Estate strategy focuses on US core assets with moderate leverage. CalPERS' Trust Level Portfolio Management Program (TLPM) is responsible for delivering targeted, risk-adjusted, total fund level investment returns over the long-term, anchored by the belief that strategic asset allocation is the dominant determinant of portfolio risk and return.

Tekne Capital Management seeks to maximize total returns by opportunistically employing a variety of strategies across a variety of markets, including equity, commodity, currency and fixed-income markets. The firm's Master Fund is managed opportunistically across all markets (including emerging markets) and may employ multiple investment strategies at any given time. The fund is not subject to any limitations on its net exposure or on the amount of its gross assets that may be invested in any strategy, market or security or exposed to the credit risk of any counterparty, nor is there any requirement to diversify investments across multiple strategies or investments. The fund may hold concentrated long or short positions in one or more issuers from time to time. In addition, the fund may periodically maintain a substantial portion of its assets in short-term instruments, including money market instruments and highly rated government securities. The fund may utilize leverage to finance the purchase of investments when Tekne Capital Managements deems it appropriate to do so. Finally, the fund may invest in derivatives, including forwards, futures, options, indices, baskets and swaps, including credit default swaps.

The New York State Catholic Health Plan, Inc. provides health insurance services. Its provider network includes more than 29,000 physicians, nurses and other health care professionals. The company has regional offices in Albany, Buffalo and Syracuse. The New York State Catholic Health Plan was founded in 1993 and is headquartered in Rego Park, NY.