Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.
Allyson Tucker will replace Gary Bruebaker, who served as CIO since 2001.
$133 billion program poaches top investor from P+.
Cheigh succeeds Joseph Harvey to oversee investment of firm’s $70.8 billion AUM.
BlackRock retains the title of world’s largest asset manager for ninth straight year.
Despite disappointing returns, CIO Narvekar says there is ‘some good news.’
NACUBO says Congress members are preaching to the choir.
Scott Stringer criticized leadership teams ‘that look like they’re out of the 1950s.’
Collaborating with Solovis to transform data and processes, the university expects to save $2 million annually over 10 years with more agile platform.
RFPs, shortlists and when to hire a search firm.
Managers can lose millions by either overpricing or under-pricing fees.
New developer announced a week after the fund terminated the previous developer’s contract.
Among the commitments was $30 million to real estate firm CIM to develop an office building in downtown Sacramento. CalPERS announced last week that it had terminated its relationship with CIM in the failed project.
UK’s $9.9 billion DC plan expects first capital to deploy in October as it prepares to enter unlisted markets.
Performance has lagged for many years.