How Andrew Gitlin and the Employees Retirement System of Texas formed PAAMCO Launchpad.
As interest swells, ESG investors must navigate conflicting ratings where grades for a single stock can range from good to bad.
CalPERS real estate consultant predicts returns will be severely reduced over the next decade for all investors.
New efforts aimed at climate change, technology disruptions and worker pay equity.
What US programs can learn from our neighbors to the north, like shucking outside managers and minimizing political interference.
This September, a tax change stands to accelerate the already-robust shifting of defined benefit plans to insurers.
The $225 billion retirement system is also considering starting a REIT portfolio.
The $52 billion plan wants to increase the use of ESG managers and improve monitoring.
Plan, which has invested over $1 billion since 2001, was aimed at private equity investments in underserved areas of state.
1% return for the 10-year-period is below its own custom benchmark as consultant warns of next downturn.
CIO Jerry Albright seeks to significantly lower the $1.4 billion per year the fund pays to external managers.
Despite concerns of a trade war, endowments and foundations investors stay the course.
Departure comes after scrutiny over credentials, past work experience.
Split board debates two plans, but lowered rate must also receive lawmakers’ approval.
Ted Eliopoulos: the CalPERS board has already authorized the search for investment leadership of the new organization.