California Public Employees' Retirement System (CalPERS)

CalPERS adopts Global Investment Performance Standards

ACCOUNTING -

ACCOUNTING -

CalPERS is adopting GIPS, making it among the first asset owners to adopt the voluntary principles based on transparency and fair representation of performance.
Moody's: CalPERS' shorter amortization period is credit positive for state

MARKETS -

MARKETS -

CalPERS' new policy shortening the amortization schedule is a credit positive for the state of California, Moody's said.
Walmart's 10% stock drop spells trouble for its 401(k) plan

Markets -

Markets -

Walmart Inc.'s stock dropped 10.18% on Tuesday to $94.11 per share, causing a large impact on its 401(k) plan.
Many scratching their heads over White House infrastructure plan

INFRASTRUCTURE -

INFRASTRUCTURE -

Trump's $1.5 trillion infrastructure plan relies heavily on private investors and state and local governments to pay up to $1.3 trillion.
CalPERS shortens amortization period to 20 years

Pension Funds -

Pension Funds -

The CalPERS board voted to shorten the period over which gains and losses are amortized to 20 years from 30 years for new pension liabilities.
CalPERS returns 15.7% in 2017, outperforming its benchmark

Pension Funds -

Pension Funds -

CalPERS earned a 15.7% net return in 2017, besting its benchmark by 25 basis points.
California governor candidates dodge pension cuts Brown foresees

PENSION FUNDS -

PENSION FUNDS -

California Gov. Jerry Brown said his successor likely would be able to cut public pension benefits when state finances sour, but is that likely?

Searches and Hires -

Searches and Hires -

CalPERS committed or invested a total of $2.5 billion with six alternative investment managers and one high-yield manager.

ASSET OWNERS -

ASSET OWNERS -

The 44th Pensions & Investments' special report on U.S. retirement assets illuminates investing trends of the nation's largest plan sponsors. With strong market returns for the year ended...
Funds jittery over stock market put their faith in alternatives

ALTERNATIVES -

ALTERNATIVES -

Defined benefit plans among the largest U.S. retirement plans boosted investments in alternatives in the year ended Sept. 30.
6 firms bid to partner on CalPERS' private equity portfolio

Private Equity -

Private Equity -

CalPERS received six bids in its search for an outside strategic partner for its private equity program.