The state pension plan is incorporating sustainable investing across asset classes.
Strategies include global investment grade, high yield, global bank loans, emerging market debt.
The giant pension fund is switching from return-oriented goals to a sharper focus on liquidity and strong betas.
Fund veteran Arnold B. Phillips had been serving as interim head since May 2018.
Consultant’s ‘Less Optimistic’ View of Equities Leads Massachusetts to Consider Portfolio Re-Allocation
Deal aims to aid California county’s fixed income investments and help local businesses with government lenders.
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
Report touts benefits of incorporating ethical investing into fixed income.
Fixed income Investors need to be mindful of different market dynamics this time around.
Fixed-income allocation increases to 28% in new portfolio.
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.