Benchmark bond yield falls short, raising concerns about an inverted yield curve.
1% return for the 10-year-period is below its own custom benchmark as consultant warns of next downturn.
CIO Jerry Albright seeks to significantly lower the $1.4 billion per year the fund pays to external managers.
Despite concerns of a trade war, endowments and foundations investors stay the course.
Split board debates two plans, but lowered rate must also receive lawmakers’ approval.
Tepid economic growth is a key concern for Russian investment, even as oil rebound provides relief.
Ted Eliopoulos: the CalPERS board has already authorized the search for investment leadership of the new organization.
How Vince Smith at New Mexico State Investment Council is Using Real Estate to Weather Late Cycle and Rising Rates
Council is reducing long bond and equity exposures in favor of income-generating assets.