Pensions
CalPERS Reports 14.8% Return for Fiscal Year
The preliminary return for the one-year period ending June 30 was driven by public and private equity.
Tag: CalPERS
Manager Selection
B Capital, CalPERS to Acquire Russell Investments
The venture capital firm and the California Public Employees' Retirement System are teaming up to acquire the manager from TA Associates and Reverence Capital Partners.
Pensions
CalPERS Highlights Performance of Private Equity Program
The California Public Employees’ Retirement System has come under scrutiny from the Retired Public Employees’ Association of California over its alternative investment program.
Newsmakers
CalPERS Elevates Anton Orlich, Names Derek Walker to Lead Total Portfolio Approach
Orlich will oversee the pension fund’s alternative investments, while Walker will spearhead it’s adoption of TPA.
Pensions
California, New York Pension Funds Take Aim at Proposed SpaceX Share Structure
CalPERS, the New York State Common Retirement Fund and the New York City Comptroller’s Office wrote a letter specifying that Elon Musk would have outsized control of the company after an IPO.
Corporate Moves
Consortium Including CalPERS, EQT, BlackRock’s GIP to Acquire Utility Company AES
The $33.4 billion deal for the power generation company would support its capital growth plans.
Regulation
GOP Lawmakers Launch Probe of CalPERS $330M Pension Fund Loss
The House members are questioning whether the nation’s largest public pension system violated the ‘exclusive benefit’ rule by prioritizing ESG investments.
Pensions
Real Estate, Public Equities Boost CalPERS’ Climate Investments to $60B
The allocation is up from $53 billion in 2024 and $47 billion midway through 2023 while working toward its $100 billion goal.
Pensions
CalPERS Board Votes to Approve Total Portfolio Approach
The California pension approved the proposed change to implement TPA—the first institutional allocator in the U.S. to do so—by July 2026.
Alternatives
Institutions Eye ETF Seeding, but There Are Some Trade-Offs
Institutions are backing exchange-traded funds as anchor investors, but they may have to sacrifice some control to reap the benefits.
Winning Investment Strategies
Mega Investors Consider Ditching Silo Investing for Total Portfolio Approach
CalPERS will vote next month on a proposal to adopt the trending investment strategy.
Newsmakers
CalPERS Hires June Kim Away From CalSTRS as Deputy CIO for Public Markets
Kim will make the move on December 1 and take the spot previously held by Dan Bienvenue, who left in April.
Pensions
CalPERS Reports 11.6% Return in Fiscal 2025
Private equity delivered double-digit returns for America’s largest pension.
Newsmakers
CalPERS Seeks Capital Markets Deputy CIO
The individual will oversee the California pension’s publicly listed investments and will succeed Dan Bienvenue.