CalPERS Restructures Infrastructure Guidelines
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.
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.
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
The former CalPERS CIO will oversee six investment team leaders and bolster the investment bank’s relationships with its asset owner clients.
But the court might rule on a narrower issue, continuing the controversy over whether the benefits promised employees are fixed for life.
CalPERS officials hope ESG revisions will add alpha to the pension system’s $178.6 billion global equity portfolio.
The more cautious approach to direct private equity investing at the second-largest US pension plan contrasts with a more aggressive approach by CalPERS, the biggest US plan.
If CalPERS can keep pace, it could surpass the $5.3 billion in private equity commitments in the prior fiscal year
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
It was a much better grade than the CalPERS Investment Office, which got a ‘D’ because of turnover in senior management.