CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.
Tag: Board Meeting
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.
Former infrastructure consultant, real estate consultant named as potential immediate replacements.
New rate suggested by Milliman based on study.