Timeless Investment Management.(P&I at 30: Up-and-coming managers)(Company Profile)

Pensions & Investments, October, 2003 by Fulman, Ricki

Byline: Ricki Fulman Timeless' sole client, the $149 billion California Public Employees' Retirement System, Sacramento, is responsible for the firm's creation. The company was launched last year after being chosen as one of the 10 emerging managers to participate in CalPERS' manager development program.

Mike Wolcott and Gary Kauppila made the connection with CalPERS through Strategic Investment Group, Arlington, Va., which was assisting the pension fund on manager selections. "Gary and I had been managing the same small-cap equity portfolio at Chicago Asset Management,'' recalled Mr. Wolcott. "We collaborated on a business plan, sent it to Strategic, and the day after we were selected, we started Timeless.'' Strategic and CalPERS, through a joint venture,...

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