Asset Allocation
CalPERS Reports Preliminary 5.8% Return for Fiscal 2023
Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.
Tag: California Public Employees’ Retirement System
Research
Schroders Takes Aim at Measuring Human Capital’s Impact on Stock Returns
The U.K. asset manager created a system to gauge how the people part of a business translates to share performance.
Asset Allocation
Public Equities Drive CalPERS’ 3.2% Q1 Return
The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.
Risk
CalPERS, CalSTRS, Genworth Among Those Affected by MOVEit Data Breach
Third-party vendor PBI Research Services is blamed for not initially revealing the scope of the hack.
Asset Allocation
San Diego Plan Joins Private Debt Parade
The $10 billion fund is the latest allocator to invest in this alt, to make up 5% of its portfolio.
Risk
Due Diligence: Using ESG as a Risk Mitigator
Although seldom apparent in financial statements, environmental, social and governance deficiencies can come out of nowhere and slam investors.
Newsmakers
CalPERS Seeks Investment Director
The pension giant is hiring a search firm to find candidates for the job, which pays up to $392,000 a year.
Newsmakers
Despite Backlash, ESG Hiring Remains Elevated
Asset owners, consultants and asset managers are all engaged in an increasingly competitive fight for ESG talent.
Newsmakers
Former Aramco Alts Head Joins CalPERS as Private Markets DCIO
Daniel Booth will oversee the $442.6 billion pension fund’s private equity, real assets and private debt.
Pensions
Stocks, Bonds—Hah! Wilshire Lays Out a Broader Asset Allocation
Don’t bet on a resurgence for the big two traditional mainstay investments, the consulting firm says.
Newsmakers
CalPERS Equity Portfolio Edges Out S&P 500 Returns in Q4 2022
CalPERS’ equity portfolio returned 7.92% in the fourth quarter of 2022, eclipsing the S&P 500 performance by 84 basis points.
Newsmakers
CalPERS Commits $1 Billion to Boost Diversity Among Alts Managers
The pension giant is investing $500 million in both TPG’s Next Fund and GCM Grosvenor’s ‘Elevate’ strategy.
Research
Global Asset Allocators Continued to Grow in 2021, Hitting Almost $26 Trillion
WTW study shows the 9% pace wasn’t as high as 2020’s for the top 100 funds, but was still impressive.
Manager Selection
CalPERS Taps Anton Orlich as Head of Growth, Innovation Investments
The pension fund also announced the departure of Greg Ruiz, private equity managing investment director.
Manager Selection
Allocators Plan to Boost Consultant Use, Cerulli Says
More than a third of asset allocators will up their usage or hire consulting firms for the first time, a survey finds.