Almost $14 Billion Pulled From CalPERS Equity Managers
With almost all of its external active equity managers fired, CalPERS is moving billions into its own internally managed index strategies
Asset Allocation
It’s the 5th Trade Deal Announcement: What if This One Falls Apart, Too?
The latest breakthrough is laden with ‘ambiguity’ and ‘fragile,’ says the Center for Strategic and International Studies’ China expert.
University of Virginia Returns 5.8% in 2019, Misses Benchmark
But endowment’s $9.6 billion portfolio outperforms over five, 10, and 20 years.
S&P Aggregate Pension Funded Status Rose in November
Level rises to 85.8% for corporate plan funding, Aon says.
Danish Pension, Insurance Assets Grow to $712 Billion
Asset value of sector is more than twice the country’s GDP.
Look Out, Volatility May Be Making a Comeback
Why? The era of low VIX readings has lasted longer than normal, and there’s the unending trade war.
One-Fifth of CalPERS Equity Portfolio Faces Climate Change Risk
In inaugural report mandated by state, pension details four sectors in which climate change could affect its portfolio.
CalPERS CIO: No Divestment of Fossil Fuel Companies
Addressing climate change advocates directly, Ben Meng says divestment is not the fiscally sound path.
Pennsylvania SERS Returns 0.32% in Q3, 12.39% Year-to-Date
Board addresses transparency concerns, and hires firm to find new CIO.
Small Caps Start Climbing, at Long Last
Beaten down for much of the current bull run, smaller stocks out-pace the big boys.
Major Institutional Investors Say Zuckerberg’s ‘Totalitarian Grip’ on Facebook Must End
Group calls for Facebook to divulge the concentrated power that chairman and CEO holds.
ESG Disclosure Lags Behind Investment in Asia Pacific
CFA says much work remains to be done to raise quality of ESG information.
Canadian Pensions Acquire Stake in Mexican Construction Firm
CPPIB continues to plow money into infrastructure investments.
CalPERS Falling Short of Private Equity Goals
Asset class shrinking, and pension will need to allocate at least $3 billion more than last fiscal year to sustain 8% target.
Baby Boomers Carry Risky Levels of Stocks, Says Fidelity
Almost 1 in 3 of them are heading into retirement equity-heavy, fund house finds.