Corporate Moves
Consortium Including CalPERS, EQT, BlackRock’s GIP to Acquire Utility Company AES
The $33.4 billion deal for the power generation company would support its capital growth plans.
Tag: CalPERS
Regulation
GOP Lawmakers Launch Probe of CalPERS $330M Pension Fund Loss
The House members are questioning whether the nation’s largest public pension system violated the ‘exclusive benefit’ rule by prioritizing ESG investments.
Pensions
Real Estate, Public Equities Boost CalPERS’ Climate Investments to $60B
The allocation is up from $53 billion in 2024 and $47 billion midway through 2023 while working toward its $100 billion goal.
Pensions
CalPERS Board Votes to Approve Total Portfolio Approach
The California pension approved the proposed change to implement TPA—the first institutional allocator in the U.S. to do so—by July 2026.
Alternatives
Institutions Eye ETF Seeding, but There Are Some Trade-Offs
Institutions are backing exchange-traded funds as anchor investors, but they may have to sacrifice some control to reap the benefits.
Winning Investment Strategies
Mega Investors Consider Ditching Silo Investing for Total Portfolio Approach
CalPERS will vote next month on a proposal to adopt the trending investment strategy.
Newsmakers
CalPERS Hires June Kim Away From CalSTRS as Deputy CIO for Public Markets
Kim will make the move on December 1 and take the spot previously held by Dan Bienvenue, who left in April.
Pensions
CalPERS Reports 11.6% Return in Fiscal 2025
Private equity delivered double-digit returns for America’s largest pension.
Newsmakers
CalPERS Seeks Capital Markets Deputy CIO
The individual will oversee the California pension’s publicly listed investments and will succeed Dan Bienvenue.
Market Moves
Public Pensions Tout Long-Term Investing Focus Amid Market Volatility
Pension executives point to portfolio diversification as protection against uncertainty.
Manager Selection
CalPERS, CalSTRS to Host Emerging, Diverse Managers Conference
The two-day forum will be held in Sacramento in May.
Newsmakers
CalPERS’ Deputy CIO Dan Bienvenue Leaving in April
The longtime investment staff leader is joining General Atlantic to lead pensions solutions offerings.
Asset Allocation
Report Claims CalPERS’ Sustainability Portfolio Runs on Oil
However, the largest pension fund in the U.S. says the pro-investment approach is more effective than divestment.
Pensions
Stanford Launches 2nd Long-Term Investing Fellowship Cohort
The one-year rotational program will see fellows learn, research and work at Stanford and the California Public Employees’ Retirement System.