California Public Employees' Retirement System (CalPERS)

CalPERS adopts new asset allocation increasing equity exposure to 50%

Pension Funds -

Pension Funds -

CalPERS' investment committee approved a new asset allocation plan that is similar to the current allocation, with the equity allocation rising to 50% from 46%.
New CalPERS board member leery of private equity takeover

Pension Funds -

Pension Funds -

A newly elected CalPERS board member wants more transparency and criticized private negotiations between staff and BlackRock over the fund's private equity program.
Exxon Mobil agrees to disclose climate change risk on company

GOVERNANCE -

GOVERNANCE -

Exxon Mobil Corp. has agreed to evaluate and disclose the viability of its portfolio under the 2-degrees scenario.

SEARCHES AND HIRES -

SEARCHES AND HIRES -

CalPERS committed $325 million total to buyout funds managed by Carlyle Group and TPG.
Need for diversity goes beyond boardroom

Opinion -

Opinion -

Boards of directors should be urged to do is press for greater diversity throughout the executive and managerial levels, and the entire workforce.
CalPERS staff wants minor tweaks to asset allocation to keep 7% rate of return

Pension Funds -

Pension Funds -

CalPERS' investment staff wants to keep the fund's asset allocation similar to its current plan to maintain a 7% return and avoid more contribution increases.
Think tank blames sustainable investing for CalPERS' falling investment performance

Pension Funds -

Pension Funds -

CalPERS reported its unfunded liability grew $27.3 billion to $138.6 billion as of June 30, 2016, prompting criticism from a think tank.
Wylie Tollette leaving CalPERS to rejoin Franklin Templeton

Money Management -

Money Management -

Wylie Tollette, chief operating investment officer at CalPERS, is leaving to rejoin Franklin Templeton Investments.
CalPERS buys 80% stake in wind farms

PENSION FUNDS -

PENSION FUNDS -

CalPERS is acquiring an 80% stake in two wind farms in Kansas and Oklahoma for $233 million.
Treasurer calls on CalPERS, CalSTRS to adopt diversity standards for corporate boards

GOVERNANCE -

GOVERNANCE -

California Treasurer John Chiang is calling on CalPERS and CalSTRS to require corporate boards of the companies they invest in to have a diversity standard.
Commentary: It's too darn hot – investors call time on climate change

Industry Voices -

Industry Voices -

Global warming is pushing pension funds to explore opportunities for better risk management and portfolio optimization.