The California Public Employees’ Retirement System (CalPERS) is seeking more control over the money invested on its behalf by hedge funds, The Wall Street Journal reports. The pension fund wants managers to trade directly for CalPERS’ individual accounts, which would allow it to see and control all the securities the manager picks on its behalf.

Calpers is seeking to take its money back from funds that do not comply with its requirements. The scheme has recently started a $100 million separately managed account with hedge fund and fixed-income manager, Simran Capital Management.

Click here for the story from The Wall Street Journal.