
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.
More than 50% of the companies engaged by the largest US pension plan are agreeing to add women and minorities to their board.
The giant pension fund is switching from return-oriented goals to a sharper focus on liquidity and strong betas.
Asset class shrinking, and pension will need to allocate at least $3 billion more than last fiscal year to sustain 8% target.
Former board member J.J. Jelincic protests the October 17 election, claims CalPERS team plotted to thwart his candidacy.
Environmental groups say CalPERS, CalSTRS, and Colorado PERA missed $19 billion by keeping fossil fuel stocks in their portfolios.