Private Equity, the Hot Asset Class for Allocators, Faces Headwinds
Deals are expected to fall far short of 2021’s record-breaking level.
Tag: CalPERS
Asset Allocation
CalPERS Blames ‘Tumultuous’ Markets for Preliminary 6.1% Fiscal Year Loss
The pension fund will increase its private asset exposure as fixed income and public equities weigh down the portfolio.
Asset Allocation
CalPERS’ New Asset Allocation Kicks In July 1
The $442 billion pension fund is shifting money out of public equity and into private equity and other alts.
The Woebegone Office Sector’s Bright Spot: Class A Buildings
What work-from-home problem? The sparkling new properties are in demand.
New York Pension Plans Launch Fight to Dislodge 2 Amazon Directors
Protesting working conditions at the e-commerce giant’s warehouses, the city and state funds urge no votes on reelecting board members.
Newsmakers
CalPERS to Increase External Management Budget by $145.6 Million
Most of the new fees will be allocated to private equity and real estate.
Shareholders File More ESG Proposals Than Ever Ahead of This Proxy Season
Company diversity and climate change are the biggest issues for investors this year.
Manager Selection
CIO of New Jersey Police and Fire Pension Resigns
The resignation follows an ethics probe into his behavior at a previous pension fund.
Newsmakers
CalPERS Selects Wilshire Advisors as Consultant for Private Debt Allocation
Wilshire’s services were almost half the cost compared to those of Meketa.
Asset Allocation
Proposed Bill Would Require CalPERS, CalSTRS to Divest Fossil Fuels
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
Asset Allocation
Here Are the Biggest Trades that CalPERS and CalSTRS Made in Q4
Both pensions are keen on Microchip Technology Inc.
Newsmakers
High Inflation Leads to Expensive Cost-of-Living Adjustments for CalPERS and Others
This will be CalPERS’ biggest increase in pension payments in 32 years.
Asset Allocation
U.S. Pension Funds Scramble to Figure Out What to Do With Russian Investments
Colorado has already divested from its Russian investments, while CalPERS, CalSTRS and others mull their options.
Manager Selection
CalPERS Appoints Nicole Musicco as Chief Investment Officer
Her background includes private investment firm RedBird Capital Partners and the Ontario Teachers’ Pension Plan.
Newsmakers
Private Equity Drove CalPERS’ Strong Q4 2021 Returns
The pension fund reported 1.2% returns over its benchmark for calendar year 2021.