Asset Allocation
Private Equity Continues as Top Performer for Pension Plans, Study Says
PE delivered 15.3% annually over 10 years, according to the American Investment Council.
Tag: CalPERS
Pensions
CalPERS Announces 9.3% Return in Year Ending June 30
Equities, which comprise 41.9% of the fund's portfolio, led the way with a 17.5% return.
Asset Allocation
CalPERS Increases Climate-Related Investments by Nearly $10B
Approximately half of the new investments will be in public equity, with the rest going into private markets.
Risk
Large Institutional Investors Rally Against Tesla Pay Package
NBIM, CalSTRS among funds voting against $56 billion pay package for executive Elon Musk.
Asset Allocation
CalPERS Returns 3.3% in the First Quarter, Decreasing Size of Buyouts in Portfolio
Assets of the US’s largest pension fund reached $495.3 billion at the end of Q1 as the fund prepares to increase its allocation to alternatives.
Newsmakers
Alex Bacchus Appointed Acting CIO of NZ Super
Bacchus will step in for Stephen Gilmore, who is leaving for CalPERS.
Pensions
Shareholder Activist Vote Against ExxonMobil Fails
An average of 95% of votes cast support the company's board amidst a lawsuit against two shareholders over sustainability concerns.
Pensions
CalPERS to Oppose Appointment of ExxonMobil Board of Directors
The pension fund will vote against the appointment of the board’s 12 members and its CEO.
Market Drilldown
It’s Just the Beginning for Surging Secondary PE Sales
Used as an escape hatch when private equity is in the doldrums, this venue has become established enough to keep going in better days, strategists say.
Pensions
CalPERS To Helm Climate Action 100+
CalPERS’ Michael Cohen will be appointed as steering committee chair of the organization.
Pensions
CalPERS, Stanford Engineering Create Fellowship for Training Institutional Investors
The program aims to foster a pipeline for investment talent.
Newsmakers
CalPERS Names Stephen Gilmore as New CIO
The new investment chief is CIO of the Guardians of New Zealand Superannuation and is expected to start in July.
Pensions
CalPERS Approves New Private Assets Allocation in Private Equity Push
The pension fund will increase private market assets to 40% of its portfolio, up from 33%, reducing equities and fixed income.
Market Moves
Why Allocators Do Badly When Selling Stocks
Placing too much emphasis on buying assets results in leaving money on the table once they divest, says strategist Ervolini.
Pensions
CalPERS Prepares for 2nd Round of CIO Interviews
With the CIO position vacant since September 2023, a second set of interviews will be held on February 28.