Eliopoulos: Without Direct Investment Model, CalPERS’s Private Equity Class Will Shrink
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.
Tag: Board Meeting
Newsmakers
Actuarial Report Prompts PennSERS Board to Lower Employer Contributions
Board approves nearly $300 million in private equity, multi-strategy investments.
Asset Allocation
Pennsylvania SERS Approves $675 Million in New Investments
System has approved nearly $1.8 billion in investments since September.
Technology Takes Center Stage at CalPERS
Ranadivé tells CalPERS to look for opportunities ‘outside of comfort zone.’
CalPERS Updates Portfolio Allocation After Vote
Fixed-income allocation increases to 28% in new portfolio.
Ahead of Asset Allocation Vote, CalPERS Bends Toward Simplicity
Allocation strategies changes could double investments in fixed-income or add significant risk to the overall investment strategy.
Manager Selection
Okla. Teachers Selects Northern Trust to Manage Index Portfolios
BlackRock and Rhumbline Advisers were among the finalists considered.
Los Angeles Pension System Cuts Rate of Return Assumption
LACERS lowers investment guidance to 7.25% from 7.5%.
Newsmakers
Tampa Retirement Fund Lowers Assumed Rate of Return
Reduction to be phased in over five years.
Newsmakers
Colorado Retirement Board Endorses Reforms
Proposed changes would reduce benefits and require more contributions.
CalPERS Staff Pushes for Quick Replacement of Infrastructure Consultant StepStone
Former infrastructure consultant, real estate consultant named as potential immediate replacements.
Newsmakers
Oregon PERS to Lower Fund’s Assumed Rate 0.3%, Increasing Unfunded Liability
New rate suggested by Milliman based on study.