CA AB1913

Requires the Board of Administration of the Public Employees' Retirement System and the Teachers' Retirement Board to annually report to the Legislature on the ethnicity and gender of emerging investment managers participating in their fund management contracts, starting January 1, 2012 through January 1, 2016.

Mandates the boards develop and include in annual reports plans and strategies to increase emerging investment manager participation until they manage at least 10% of the boards' actively managed portfolios.

Defines "emerging investment manager" as a qualified investment adviser who is a woman or minority group member and manages an investment portfolio of at least $10 million but less than $1 billion.

Reports must identify investment firm ownership composition including portfolio values, ethnic and gender breakdowns, and percentage breakdowns of investment officer composition at contracted portfolio management firms across all asset classes.

The reporting requirements automatically repeal on January 1, 2016, unless extended by subsequent legislation enacted before that date.