CalPERS CFO ‘No Longer with’ Pension Fund
Departure comes after scrutiny over credentials, past work experience.
Shop Talk
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.
How Vince Smith at New Mexico State Investment Council is Using Real Estate to Weather Late Cycle and Rising Rates
Council is reducing long bond and equity exposures in favor of income-generating assets.
New Mexico PERA CIO Expanding Alpha, Beta Strategies at Plan Level
Porting his Wisconsin experience, CIO Garcia plans to expand portable alpha portfolio with hedge funds.
Asset Managers Weigh How to Boost Women on Company Boards
Pushing for better gender diversity is no slam-dunk, even in the #MeToo era.
NYC Retirement System Plans ‘Most Comprehensive’ Divestment Study on Fossil Fuels
CIO Scott Evans says divestment could create a significant tracking error.
Alaska Permanent Bets on Emerging Markets
Fund will be institutional only for a year, then a share class of the fund will be listed on the NYSE and ADX.
CalPERS’s Deep Dive into ESG Allocations Shows Mixed Results
While governance yields financial results, data still debated on sustainability and social investing. One of the world’s leaders in activist investing is getting validation that it sees better investment...
HIERS’ Risk Officer Steps Up as New CIO Search Begins
Late last month, Vijoy Chattergy, the CIO of Hawaii’s Employees’ Retirement System (HIERS), unexpectedly parted ways from the plan. Shortly after, the $16.9 billion fund appointed its Risk Investment...
CalPERS to Increase Engagement with Funds to Improve Governance Practices
Report indicates plan to engage with up to 100 funds over the adoption of a majority vote standard for corporate board members, CEO compensation.
Oregon Backs Off from VC Funds
Although venture capital funds make up 10.5% of portfolio, no new commitments were made in 2017.
Oregon Still Struggling with PE
Plan’s private equity portfolio makes up around 20% of the $77.1 billion retirement system’s overall portfolio.
Hedge Funds Back on the Winning Track
Once buffeted by investor redemptions, they see a surge in assets amid nice returns.
West Coast Pensions Commit $1 Billion to PE
WISB, Oregon Investment Council, and SFERS make strong showing in private equity and private market commitments in February.