Tag: California Public Employees’ Retirement System

Alternatives July 19, 2021

CalPERS’ In-House Private Debt Program Is Dead

A California legislative committee killed a bill that would have allowed the pension system to hand out loans without full public disclosures about the borrower.

Asset Allocation July 14, 2021

CalPERS Reports Preliminary Return of 21.3% for 2020-21

The strong performance triggers a reduction in the assumed rate of return to 6.8%.

Corporate Moves June 23, 2021

CalPERS Appoints Marlene Timberlake D’Adamo First DEI Officer

The former chief compliance officer at the $466 billion pension fund is moving into the newly permanent position.

Pensions April 21, 2021

CalPERS Sues Former Employee for Allegedly Stealing Pension Money

More than $685,000 was stolen from 10 retirees, including a homeless person and beneficiaries under legal conservatorships, the fund said in its lawsuit.

Pensions April 5, 2021

CalPERS Suspends Search for New CIO

Pension system officials say they won’t restart the search until early July, and they didn’t offer a timetable as to when a new person will take the job.

Asset Management Culture March 22, 2021

World’s Top Carbon Offenders Need to Step Up, Says Investor Group

Investors managing more than $54 trillion says firms require clear short- and medium-term targets and related capital expenditures.

Asset Management Culture March 15, 2021

Controversy Still Follows CalPERS’ CIO Resignation

More than a half-year after Ben Meng resigned, a lawsuit and pending pension system policy decisions are bringing his departure back into the limelight.

Newsmakers February 23, 2021

State Employee Retirements at CalPERS Jump 15% in 2020

The pension system says the spike was ‘predicted’ and figured into planning for the $389 billion fund. 

Asset Management Culture January 4, 2021

CalPERS Not Ready to Pick CIO

Several finalists have been interviewed for the top spot, but an expected January decision has been delayed.

Asset Management Culture October 28, 2020

New CalPERS CIO Could See $2.4 Million Payout

That compensation is tied to five-year goals as part of an effort to reduce turnover at the largest public pension in the US.

Asset Management Culture September 30, 2020

CalPERS Taps Yup Kim as Private Equity Investment Director

He joins the $407.5 billion pension giant from Alaska’s sovereign wealth fund.

Asset Allocation September 22, 2020

Just Minor Adjustments to Portfolio Are the Smartest Move, 3 Key CIOs Say 

A trio of investment chiefs overseeing a half-trillion dollars are preparing their funds for low interest rates without drastically overhauling portfolios.

Asset Management Culture September 17, 2020

New Investment Restrictions Coming for CalPERS CIO

The resignation of CalPERS CIO Ben Meng on ethics charges revolving around his investments spurred board to review new restrictions.

Asset Management Culture September 16, 2020

Investor-Led Climate Action 100+ to Judge Companies on Sustainable Benchmark

The standard developed by the global alliance of allocators and EY Consulting will be released next year to assess which businesses are leading the transition to net-zero carbon.

Pensions September 11, 2020

World’s Largest Pension Funds’ AUM Up 8% in 2019

Report finds size matters, as the larger the fund, the higher the compound annual growth rate was from 2014 to 2019.