Ranadivé tells CalPERS to look for opportunities ‘outside of comfort zone.’
CalPERS responds to Ring’s column.
Report accused system’s ESG practices of ‘jeopardizing the retirement fund.’
Fixed-income allocation increases to 28% in new portfolio.
Allocation strategies changes could double investments in fixed-income or add significant risk to the overall investment strategy.
Portfolio gains led by public equities, which returned nearly 20%.
Investment director to become interim COIO during replacement search.
Deal made through Gulf Pacific Power account.
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.
Proposed changes would maintain the portfolio's heavy tilt to global equities, while likely increasing investments in fixed-income.
Committee proposes a reduction in benefits for state workers in two delinquent districts.
Former infrastructure consultant, real estate consultant named as potential immediate replacements.
Discussions in preliminary stage, source says.