Large money managers including J.P. Morgan, Fidelity, and Allianz have lost their relationships with the biggest US pension plan as part of a massive restructuring of CalPERS’s equity program.
That share of the pie gets even smaller—to 3%—when more stringent definitions of ‘diversity’ are applied.
The chief investment officer is moving to an investment management consulting firm in Northern California.
Fund is asking for a wide range of ideas on structural changes to its oversight.
Fresh off his re-election campaign, Henry Jones pledges good governance, a focal point of his platform.
Kari Vatanen replaces Niina Bergring, who left to join Helsinki’s Aktia Bank.
Allyson Tucker will replace Gary Bruebaker, who served as CIO since 2001.
$133 billion program poaches top investor from P+.