The largest US pension plan would need to sell its investments in two private prison companies under legislation sponsored by California lawmaker Rob Bonta.
Hurried legislation tucked in a sewage bill ruled by court as unconstitutional.
The majority of the $700 million commitment deployed as part of a network of real estate organizations controlled by the pension plan.
Insurance firm is accused of improperly reducing retiree benefits.
Celebration of an extraordinary year draws large, vibrant group of CIOs and leading investors.
As the European Commission approves the move, parliament calls off the trims, slated for 2019.
Pension board CEO says it will stay cool-headed amid Beijing’s threats over Canadian arrest of tech heiress.
The San Francisco system makes four more private market commitments, adding to the more than $3 billion already committed this year.
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
Lawsuit alleges executives at Alphabet Inc. hid vulnerability that allowed 52 million users' privacy to be compromised.
Alex Doñe will provide direct investment advice to the five New York City Retirement Systems.
The $32 trillion Investor Agenda is worried that nations are letting climate goals recede.
David Enriquez will handle city’s $12 billion PE portfolio, which spans its five pension systems.
The former CalPERS CIO will oversee six investment team leaders and bolster the investment bank’s relationships with its asset owner clients.
But the court might rule on a narrower issue, continuing the controversy over whether the benefits promised employees are fixed for life.