Paul Brewer’s baby suffered from tumultuous volatility in recent years.
Decision expected to ‘harvest synergies’ between sectors, enable more investment flexibility, its CIO says.
Adds $100 million to the $250 million commitment it made in 2018.
Strong returns in the system’s infrastructure and private equity strategies pull it out of negative territory for year.
Robust international portfolio delivered $9 billion in 2018.
Feasibility studies begin on the rare investment strategy.
Firm will open a new fund to help holdover Strategic Investing fund focus on ESG.
Canadian pension to contribute €450 million of equity.
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
Struggling firm’s founder said the fund had ‘recently not delivered’ expected results, and will return more than $1 billion by year-end.
Responsibilities will be divided between two newly created independent companies.
Unlisted private, infrastructure investments barred by Ministry.
Engagement led to 17 banks disengaging from the project.