Displaying 19 results
CalPERS taps New Zealander as new CIO for $495B fund
Stephen Gilmore currently oversees New Zealand's sovereign wealth fund.
CalPERS has $34B bet on private equity, shifts from equities
Largest US pension fund believes riskier assets will outperform.
How do you choose a CIO for a $490B pension fund?
Calpers now has a short list for one of the investment world’s biggest roles.
Calpers needs a new CIO for $450B fund, but it’s no easy job
Incumbent resigns after 18 months and the search is on for a successor.
Investors urge policymakers to aid $275T for net zero
Influential group says barriers to investment in clean energy must be removed.
House Republicans take anti-ESG campaign to CalPERS
The California Public Employees’ Retirement System has turned over thousands of pages of documents in recent months to Congress.
California bill would require state pension funds to divest oil, gas assets
The measure seeks divestment of an estimated $15 billion from oil and gas companies by CalPERS, CalSTRS.
Pledges alone don’t catalyze diversity
It’s accountability and measurement that drive lasting change.
DOJ cites antitrust concerns over SEC trading-execution reforms
The Justice Department's antitrust division asked the SEC to consider potential impacts of its proposals, including whether smaller pricing increments could increase competition between exchanges and wholesalers, and whether that might affect brokers' willingness to route orders to wholesalers.
Franklin Templeton makes ESG hire from CalPERS
James Andrus had been at the pension system since 2014 and most recently served as its interim managing investment director for sustainable investing.
Investing novices call the shots on $4 trillion at public pensions
Public-employee plans are underfunded, chasing higher returns and underperforming international peers overseen by professionals.
Franklin Templeton hires ESG exec from Calpers
Anne Simpson developed and executed the sustainability investment strategy for the giant California pension plan.
CalPERS, Carlyle in ESG data push
More than a dozen investment firms overseeing more than $4 trillion in assets are banding together to standardize data on the environmental, social and governance performance of their portfolio companies.
Long-term care settlement to cost CalPERS as much as $2.7B
Policyholders saw an 85% bump in their premiums in 2015, despite assurances when they signed up that rates would not increase.
Early CalPERS Long-Term Care clients squeezed by rate hikes
Two impending hikes that would boost premiums for existing CalPERS Long-Term Care insurance customers by 90% make coverage hard to justify, one policyholder said.
Calpers scales back on ’emerging’ equity fund managers as returns lag
Launched in 1991, the program has failed to produce acceptable gains.
CalPERs paid $3.4B in private equity fees since 1990; earned $24.4B in net gains
Lack of data has been a flashpoint for a national debate over the amount of fees paid to private equity managers, given the risks and illiquidity.
CalPERS switches to all-passive DC plans
When CalPERS talks, people listen. Hear this: the pension fund giant is switching to all passive funds in its DC plans, citing lower costs, participant preference.
CalPERS considers stock, infrastructure boosts
CalPERS' investment committee is leaning toward expanding the $220.1 billion system's risk portfolio by increasing its public-equity and infrastructure allocations
