The PAAMCO-Texas Connection
How Andrew Gitlin and the Employees Retirement System of Texas formed PAAMCO Launchpad.
Shop Talk
Standardizing Criteria Key Challenge for Booming ESG Market
As interest swells, ESG investors must navigate conflicting ratings where grades for a single stock can range from good to bad.
Exclusive: Global Real Estate Returns to Decline, Consultant Warns
CalPERS real estate consultant predicts returns will be severely reduced over the next decade for all investors.
Exclusive: CalPERS Begins New ESG Efforts
New efforts aimed at climate change, technology disruptions and worker pay equity.
Why Canada’s Pension Plans Are in Such Good Shape
What US programs can learn from our neighbors to the north, like shucking outside managers and minimizing political interference.
A New Spur for Corporate Pension Transfers
This September, a tax change stands to accelerate the already-robust shifting of defined benefit plans to insurers.
CalSTRS Hires Co-Investment Advisory Firm
The $225 billion retirement system is also considering starting a REIT portfolio.
Maryland Pension Plan Embraces ESG
The $52 billion plan wants to increase the use of ESG managers and improve monitoring.
CalPERS Ends California Initiative
Plan, which has invested over $1 billion since 2001, was aimed at private equity investments in underserved areas of state.
CalSTRS Real Estate Portfolio Still Feeling Effects of Global Financial Crisis
1% return for the 10-year-period is below its own custom benchmark as consultant warns of next downturn.
‘The Texas Model’: Texas Teachers Plans Transition to Direct Investing
CIO Jerry Albright seeks to significantly lower the $1.4 billion per year the fund pays to external managers.
Survey: Which Alts Are Best Positioned for the Return of Market Volatility?
Despite concerns of a trade war, endowments and foundations investors stay the course.
CalPERS CFO ‘No Longer with’ Pension Fund
Departure comes after scrutiny over credentials, past work experience.
Texas Teachers Grapples with Lowering 8% Return Assumptions
Split board debates two plans, but lowered rate must also receive lawmakers’ approval.
Exclusive: The Nitty Gritty Details of CalPERS’s Independent Investment Organization
Ted Eliopoulos: the CalPERS board has already authorized the search for investment leadership of the new organization.