Pensions
CalPERS Retirees Call for Board President to Resign
The demand for Henry Jones’ ouster is the latest fallout from the resignation of CalPERS CIO Ben Meng following complaints he violated state ethics rules.
Tag: CalPERS
Asset Allocation
CalPERS Sells Apple Stock, Invests in Microchips, Pharmaceuticals, Cannabis
The iPhone maker has enjoyed a large rally, but an ongoing trade war with China and the possibility of increasing regulation after a November election have dampened investor enthusiasm.
Asset Management Culture
California Opens Investigation into Former CalPERS CIO Meng
He could face penalties of $5,000 per violation if he is found to have breached ethics regulations.
Newsmakers
CalPERS CIO Ben Meng’s Departure Linked to Questions on His Financial Disclosure
At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
Newsmakers
CalPERS CIO Ben Meng Resigns from Nation’s Largest Pension Fund
Deputy chief Dan Bienvenue will take over until the retirement system finds a replacement.
Will Climate Change’s Rising Seas Drown Real Estate, Insurance?
Investments in them could end up in Davy Jones’ locker if the ocean swallows the coastlines.
How to Rebalance Assets while Skipping Past the Perils
Investing savants have ideas for you, ranging from preferred stocks to asset-backed securities.
Asset Management Culture
Board Member Sues CalPERS over Alleged Retaliation
Margaret Brown claims she was wrongly punished ‘to silence one of the only watchdogs on the CalPERS board’ and seeks to dispute discipline.
Asset Allocation
CalPERS Revises Fixed Income and Public Equity Investment Policies
The policies move away from return-oriented goals to being a source of liquidity and strong beta.
Alternatives
SEC Recommends Creating Disclosure Framework for ESG Investments
Investment committee finds current ratings to be too confusing for investors and aims to create a firmer standard for reporting ESG metrics.
Coronavirus - COVID-19
CalPERS Delays Launch of Two Programs to Lower Drug Costs
The shift to next year is due to the disruption from the coronavirus, the retirement system says.
Manager Selection
CalPERS Appoints New Deputy CIO for Total Portfolio Strategy
The state retirement system chooses 16-year veteran Dan Bienvenue, who has overseen global equity.
Coronavirus - COVID-19
CalPERS Employee Tests Negative For Coronavirus
Good news is overshadowed by market reactions to the coronavirus pandemic that have cost the largest US pension plan more than $50 billion.
Coronavirus - COVID-19
Possible CalPERS Coronavirus Case Forces Investment Meeting Cancellation
The CalPERS headquarters was also closed Monday, the same day as the scheduled meeting.
Pensions
Exclusive: CalPERS Separates Board From Public Due to Virus Concerns
Starting Monday, spectators will be confined to the pension plan’s auditorium with directors in a separate room, six feet away from one other.