The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
Gov. Kate Brown wants to put $2 billion into schools and retirement system.
Engagement led by Church of England Pensions Board, Robeco.
Pension back-up vehicles can now allocate more to illiquid, alternative asset classes.
CalPERS officials hope ESG revisions will add alpha to the pension system’s $178.6 billion global equity portfolio.
Activist group BackTo60 clears first hurdle in bid to decrease eligibility date for benefits.
Paul Costello, an ESG pioneer, built two world-renowned sovereign wealth funds from scratch.
Class action suit says toymaker CEO, CFO profited from ‘artificially inflated’ stock.
Two unnamed suspects, clients funneled more than $350 million in unreported cash through shell companies in the British Virgin Islands.
The plan has committed more than $3 billion overall in 2018 to private markets as CIO William Coaker Jr. builds up the alternatives portfolio.
Fund for state and municipal workers scrambles to find own bailout blueprint to patch up funding.
Fund names CFO and COO Bo Foged as acting director.
Andy Beshear says dedicated revenue source needed to save state retirement systems.
Denise Nappier eyes lottery-backed revenue bonds to support Teachers’ Retirement Fund.
It was a much better grade than the CalPERS Investment Office, which got a ‘D’ because of turnover in senior management.