A Proposed CalPERS Board Code of Conduct Is Still Generating Controversy
The policy has the support of the majority of board members but others argue the vague language can be used against board members who dissent.
Tag: CalPERS
Regulation
CalPERS Board Considers Gag Policy
Once investment decisions are made, board members would be prevented from talking to the press and expressing their views at board meetings.
Newsmakers
CalPERS In-State Investment Program is Up More than 11%
Meanwhile, plan is winding down its money-losing in-state private equity program.
Newsmakers
New Maryland Law Requires State Pension to Reveal All Fees
Unreported carried interest accounted for as much as 35% of state pension’s total fees in 2018.
Newsmakers
CalPERS Strikes Gold in Gatwick Airport Investment
Initial $155 million investment nine years ago now worth more than $1.24 billion.
Newsmakers
California State Controller Eyes CalPERS Private Prison Divestment
The issue of CalPERS divesting from private prison companies CoreCivic and The GEO Group isn’t dead after all.
Corporate Moves
CalPERS Makes Global Fixed Income Managing Director Official
Fund veteran Arnold B. Phillips had been serving as interim head since May 2018.
CalPERS Continues to Talk with Private Equity Teams
The pension plan is still intent on building its own private equity organization.
Risk
CalPERS Just Misses Investment Target
CalPERS investment returns of 6.7%, below its 7% target, will likely be part of the discussion this week at retreat meeting.
CalPERS Sets Up Trust to Allow Employers to Prefund Contributions
New prefunding trust to act as ‘almost a defined contribution plan.’
CalPERS Commits More than $1 Billion To PE
However, new co-investment program won’t be discussed this month as expected, and the fate of proposed direct-style private equity program also remains unclear.
CalPERS Private Equity Co-Investment Plan Could Be Announced Next Month
CalPERS stopped its co-investment program in 2016. Now CIO Ben Meng wants a restart.
Corporate Moves
After a Two-Year Search, CalPERS Finally Hires Private Equity Head
Greg Ruiz, who has family ties to the fund, will take over from interim Sarah Corr.
California Settles with Morgan Stanley over Financial Crisis Losses
Recession-era mortgage-backed securities deals creates $150 million settlement for CalPERS, CalSTRS.
Newsmakers
CalPERS Puts ‘Laser-Like Focus’ on ESG, Board Diversity, and Executive Pay
Says actions from Climate Action 100+ initiative are starting to bear fruit.