Suit says poorly performing funds were ‘devastating’ to retirement accounts.
CEO Ron Mock discusses plans to potentially triple Asian headcount and push $8 billion into infrastructure.
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.
Funded rate of 100 largest DB corporate plans drops to 87.9% during month.
A plan would reduce investment committee members and the number of meetings. It is being objected to by at least one board member.
The $13.3 billion fund’s chief has very large portion of the portfolio in alts, as a buffer against bad times.
Funding level falls to 95% from 97%.
Investment portfolio gains 3.2% in Q2 to reach $31.9 billion in assets.
Margaret Brown says she is not the one leaking information to the press about confidential CalPERS matters.
Alternatives, US stocks, and bonds help fund value achieve new ‘high water mark.’
PBGC multiemployer program is expected to run out of money in six years.