The pension giant’s global equity program accounts for more than half of its entire asset value.
Despite US constraints and pandemic headwinds, odds are they’ll spring back to their old growth level, analysts say.
Their overseas exposure is expanding, while US funds stay mostly at home.
Margaret Brown, a frequent critic of investment staff and the board, is up for re-election—and some of her peers are supporting her opponent.
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
The cash flow is solid, except for occasional problems like pandemic-reduced traffic volumes.