The policy has the support of the majority of board members but others argue the vague language can be used against board members who dissent.
Tag: Board Meeting
Fund aims to protect against equity risks.
Public safety pension plan will benefit from greater simplicity, says CIO Mark Steed.
Ray Dalio’s head of China research says trade war is broadly about a power shift.
CIO Jerry Albright ‘pleased’ as hiring worries for internalization plans diminish.
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.
Board approves nearly $300 million in private equity, multi-strategy investments.
System has approved nearly $1.8 billion in investments since September.
Ranadivé tells CalPERS to look for opportunities ‘outside of comfort zone.’
Fixed-income allocation increases to 28% in new portfolio.
Allocation strategies changes could double investments in fixed-income or add significant risk to the overall investment strategy.
BlackRock and Rhumbline Advisers were among the finalists considered.
LACERS lowers investment guidance to 7.25% from 7.5%.
Reduction to be phased in over five years.