
CalPERS CIO Meng Says Pension Plan Must Expand Private Equity
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
Elisabeth Bourqui hires lawyer who represents workers in their disputes with employers, including wrongful termination cases.
Ben Meng wants to see how the largest US pension plan can use its advantages to maximize returns.
Gavin Newsom’s plan for the two largest US pension plans allocates more than $7 billion to reduce their unfunded liability and help California school districts with their contributions to pension costs.
GCM Grosvenor will oversee private equity emerging managers.
Jason Perez is also skeptical about ESG investing, a focus that most individuals on the CalPERS board support.
In a sudden departure, CalPERS Chief Operating Investment Officer Elisabeth Bourqui has resigned just months after moving from Europe to take a key spot at the Sacramento-based pension plan.
Two former Silver Lake officials could have a future at the CalPERS-backed investment organizations.
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.
The review could lead to divestment of CoreCivic and The GEO Group.
Official says system could easily commit $10 billion in just five years via direct investment organization.
Nokia, Nordea Bank lead list of 13 firms with potential ties to African nation.
The largest US pension plan—and smaller ones across the country—are affected by market volatility that has lowered investment returns.
The giant pension fund dipped its toes in the bongwater in Q3, SEC filings show.
The largest US pension plan would need to sell its investments in two private prison companies under legislation sponsored by California lawmaker Rob Bonta.