Asset Management Culture
NC State Pension Weathers Market Turmoil Well as Others Crumble
‘You can’t be a gambler, and you can’t profess to have a crystal ball,” says state treasurer Dale Folwell.
Tag: CalPERS
Wilting Hedge Fund Roster: Time for a New Bloom?
The virus-battered stock market may let survivors in this shrinking field show their stuff once more.
Manager Selection
Top Money Managers Among Those Fired from CalPERS
Large money managers including J.P. Morgan, Fidelity, and Allianz have lost their relationships with the biggest US pension plan as part of a massive restructuring of CalPERS’s equity program.
Market Moves
CalPERS Loses around 4% in Last Week’s Stock Dive
Largest US pension plan drops at least $15 billion as retirement programs worldwide suffer.
Asset Management Culture
Indiana Congressman Calls on CalPERS CIO To Be Fired
Ben Meng is too close to the Beijing regime, says lawmaker Jim Banks, joining earlier attack from Secretary of State Mike Pompeo.
Corporate Moves
CalPERS Critic Left Off Investment Committee
As panel is downsized to 9 members, Margaret Brown is removed from the list. Also gone: State Treasurer Fiona Ma
Manager Selection
CalPERS Board President Wants Transparency in Second Term
Fresh off his re-election campaign, Henry Jones pledges good governance, a focal point of his platform.
Asset Allocation
CalSTRS Rejects Fossil Fuel Divestment
A report details CalSTRS policy of engaging fossil fuel companies rather than dumping their stock, which it sees as a last resort and potentially harmful to the portfolio.
Research
State Pension Funds Adjust to ‘New Normal’ of Lower Returns
Some states employ clever tactics to compensate for reduced return on assets.
Asset Allocation
Almost $14 Billion Pulled From CalPERS Equity Managers
With almost all of its external active equity managers fired, CalPERS is moving billions into its own internally managed index strategies
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.
Asset Allocation
CalPERS CIO: No Divestment of Fossil Fuel Companies
Addressing climate change advocates directly, Ben Meng says divestment is not the fiscally sound path.
Manager Selection
Exclusive: CalPERS Fires Most of Its Equity Managers
Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.
Asset Management Culture
Corporations Are Agreeing More to CalPERS Diversity Demands
More than 50% of the companies engaged by the largest US pension plan are agreeing to add women and minorities to their board.
News
CalPERS, Just Missing Target, Broadens Its Investment Strategies
The giant pension fund is switching from return-oriented goals to a sharper focus on liquidity and strong betas.