California Public Employees' Retirement System (CalPERS)

Waning returns have some doubting private equity's value

Waning returns have some doubting private equity's value

Private equity returns for many asset owners are failing to outperform their benchmarks over several time periods, and some observers are wondering whether investment in the asset class is worth it.

February 06, 2017
Charles Ellis consulting for CalPERS

Charles Ellis consulting for CalPERS

The founder of Greenwich Associates has been working for CalPERS as a consultant, lending a hand to help find suitable investment opportunities that can outperform the market.

January 27, 2017 | 11:18 am
The growing need for boardroom climate competency

The growing need for boardroom climate competency

Large institutional investors are calling for climate-competent boards and directors as part of their fiduciary responsibility to preserve and enhance the long-term value of their investment assets.

January 25, 2017 | 05:00 am
Investcorp brings on CalPERS’ portfolio manager for alternative risk premium strategies

Investcorp brings on CalPERS’ portfolio manager for alternative risk premium strategies

Nelson Ramos Da Conceicao joined Investcorp’s alternative investment solutions group as co-portfolio manager of alternative risk premium portfolios and deputy head of cross asset investments.

January 19, 2017 | 03:15 pm
CalPERS looking at expanding public asset classes as it kicks off yearlong allocation review

CalPERS looking at expanding public asset classes as it kicks off yearlong allocation review

The CalPERS board started a yearlong review of its $305.5 billion portfolio on Tuesday, exploring whether its four current public asset classes — equities, fixed income, inflation and liquidity ...

January 17, 2017 | 04:17 pm
Costco and Progressive among top pension fund direct holdings

Costco and Progressive among top pension fund direct holdings

Among the constituents of the S&P 500, Costco and Progressive have the largest percentage of their outstanding shares held directly by pension plans and retirement funds.

January 17, 2017 | 11:07 am
CalPERS' Lehman case gets review as Supreme Court considers lawsuit deadlines

CalPERS' Lehman case gets review as Supreme Court considers lawsuit deadlines

The U.S. Supreme Court will use a case stemming from the Lehman Brothers collapse to rule on the deadlines for some investor fraud suits.

January 13, 2017 | 05:22 pm
State contribution to CalPERS to rise by $524 million next year

State contribution to CalPERS to rise by $524 million next year

California will contribute $5.3 billion to CalPERS for the fiscal year starting July 1, up 11% from the current fiscal year, shows a proposed budget by Gov. Edmund G. Brown Jr.

January 12, 2017 | 09:47 am
CalPERS may move up to $30 billion in-house to cut fees

CalPERS may move up to $30 billion in-house to cut fees

CalPERS is developing plans to shift as much as $30 billion from external to internal managers as it seeks to reduce fees.

January 12, 2017 | 10:30 am
CalPERS funded status falls 4 percentage points in 2016 fiscal year

CalPERS funded status falls 4 percentage points in 2016 fiscal year

CalPERS in its latest fiscal year saw its funded status drop to 69% as of June 30 from 73.1% a year earlier, shows the Sacramento-based pension fund’s comprehensive annual financial report.

January 06, 2017 | 04:20 pm
Second California appeals court rules pension benefits can be reduced

Second California appeals court rules pension benefits can be reduced

A second California appeals court panel has said that vested pension rights can be reduced or eliminated in California as long as employees still receive a pension that is “substantial”...

January 03, 2017 | 04:20 pm
CalPERS board gives green light to cut assumed rate of return to 7%

CalPERS board gives green light to cut assumed rate of return to 7%

The full CalPERS board approved Wednesday a plan to reduce the pension fund's rate of return to 7% from the current 7.5% over a three-year period.

December 21, 2016 | 02:12 pm