CalPERS Introduces New Trust Portfolio to Ease Employers’ Woes
State delivers a unique avenue for employers to mitigate contribution volatility.
Tag: CalPERS
CalPERS Heads Toward Restructuring Investment Committee
Board’s governance committee gave first approval Tuesday night to a plan that reduces the size of the investment committee and the number of meetings.
Major Restructuring of CalPERS Investment Committee Could Become a Reality
A plan would reduce investment committee members and the number of meetings. It is being objected to by at least one board member.
CalPERS Board Member Wants Internal Investigation into Leaks Made Public
Margaret Brown says she is not the one leaking information to the press about confidential CalPERS matters.
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.
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.