Asset Management Culture
CalPERS Taps Yup Kim as Private Equity Investment Director
He joins the $407.5 billion pension giant from Alaska’s sovereign wealth fund.
Tag: CalPERS
Asset Allocation
Just Minor Adjustments to Portfolio Are the Smartest Move, 3 Key CIOs Say
A trio of investment chiefs overseeing a half-trillion dollars are preparing their funds for low interest rates without drastically overhauling portfolios.
Asset Management Culture
New Investment Restrictions Coming for CalPERS CIO
The resignation of CalPERS CIO Ben Meng on ethics charges revolving around his investments spurred board to review new restrictions.
Asset Management Culture
Investor-Led Climate Action 100+ to Judge Companies on Sustainable Benchmark
The standard developed by the global alliance of allocators and EY Consulting will be released next year to assess which businesses are leading the transition to net-zero carbon.
Pensions
World’s Largest Pension Funds’ AUM Up 8% in 2019
Report finds size matters, as the larger the fund, the higher the compound annual growth rate was from 2014 to 2019.
Newsmakers
Sept 10: Live Conversation with CalPERS’ Anne Simpson and ISS’ Viola Lutz on Climate Risk and Financial Performance
Register now to reserve your space at tomorrow’s CIO's Allocator Insights webinar.
Pensions
CalPERS Retirees Call for Board President to Resign
The demand for Henry Jones’ ouster is the latest fallout from the resignation of CalPERS CIO Ben Meng following complaints he violated state ethics rules.
Asset Allocation
CalPERS Sells Apple Stock, Invests in Microchips, Pharmaceuticals, Cannabis
The iPhone maker has enjoyed a large rally, but an ongoing trade war with China and the possibility of increasing regulation after a November election have dampened investor enthusiasm.
Asset Management Culture
California Opens Investigation into Former CalPERS CIO Meng
He could face penalties of $5,000 per violation if he is found to have breached ethics regulations.
Newsmakers
CalPERS CIO Ben Meng’s Departure Linked to Questions on His Financial Disclosure
At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
Newsmakers
CalPERS CIO Ben Meng Resigns from Nation’s Largest Pension Fund
Deputy chief Dan Bienvenue will take over until the retirement system finds a replacement.
Will Climate Change’s Rising Seas Drown Real Estate, Insurance?
Investments in them could end up in Davy Jones’ locker if the ocean swallows the coastlines.
How to Rebalance Assets while Skipping Past the Perils
Investing savants have ideas for you, ranging from preferred stocks to asset-backed securities.
Asset Management Culture
Board Member Sues CalPERS over Alleged Retaliation
Margaret Brown claims she was wrongly punished ‘to silence one of the only watchdogs on the CalPERS board’ and seeks to dispute discipline.
Asset Allocation
CalPERS Revises Fixed Income and Public Equity Investment Policies
The policies move away from return-oriented goals to being a source of liquidity and strong beta.