Asset Allocation
One-Fifth of CalPERS Equity Portfolio Faces Climate Change Risk
In inaugural report mandated by state, pension details four sectors in which climate change could affect its portfolio.
Tag: CalPERS
Asset Allocation
CalPERS CIO: No Divestment of Fossil Fuel Companies
Addressing climate change advocates directly, Ben Meng says divestment is not the fiscally sound path.
Manager Selection
Exclusive: CalPERS Fires Most of Its Equity Managers
Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.
Asset Management Culture
Corporations Are Agreeing More to CalPERS Diversity Demands
More than 50% of the companies engaged by the largest US pension plan are agreeing to add women and minorities to their board.
News
CalPERS, Just Missing Target, Broadens Its Investment Strategies
The giant pension fund is switching from return-oriented goals to a sharper focus on liquidity and strong betas.
News
Washington OKs More than $2 Billion in Private Commitments
The Washington State Investment Board is continuing its large allocation to private markets as it continues to place large bets on alternative investments.
Asset Allocation
CalPERS Falling Short of Private Equity Goals
Asset class shrinking, and pension will need to allocate at least $3 billion more than last fiscal year to sustain 8% target.
Newsmakers
Defeated CalPERS Board Candidate Says Election Was Rigged Against Him
Former board member J.J. Jelincic protests the October 17 election, claims CalPERS team plotted to thwart his candidacy.
Asset Allocation
Green Coalition: Pension Plans Miss Billions by Not Divesting from Fossil Fuels
Environmental groups say CalPERS, CalSTRS, and Colorado PERA missed $19 billion by keeping fossil fuel stocks in their portfolios.
Opinion
What Defines ‘Materiality’? CalPERS’ CEO Likens New SEC Disclosure Rules to Allowances in Sexual Harassment
Marcie Frost says SEC term is too ambiguous.
Asset Allocation
ESG Funding Skyrocketed in 2018
BlackRock and Vanguard continue to grow socially conscious investment vehicles.
Newsmakers
Breaking News: CalPERS Board President Henry Jones Beats Challenger
Jones beat former board member J.J. Jelincic in a heated race that dealt with CalPERS investment policy and past sexual harassment charges
CalPERS Picks Local Real Estate Manager
New developer announced a week after the fund terminated the previous developer’s contract.
Risk
California Pensions Could Be Mandated to Divest from Turkish Assets over WWI Atrocities
Legislation condemning Turkey for its failure to recognize the Armenian Genocide would result in California divestments.
CalPERS Commits More than $3 Billion to Real Estate
Among the commitments was $30 million to real estate firm CIM to develop an office building in downtown Sacramento. CalPERS announced last week that it had terminated its relationship with CIM in the failed project.