California Public Employees' Retirement System (CalPERS)

Exxon shareholders approve pay package despite pension fund opposition

Governance

Governance

Exxon Mobil Corp. shareholders voted in favor of the company's executive compensation package, despite opposition from several large pension funds.
Pension funds come out in support of SEC maker-taker fee pilot program

Markets

Markets

CalPERS and the Ontario Teachers' Pension Plan are among asset owners that supported the SEC's proposed transaction fee pilot program.
California pension funds on separate paths to direct investment

ALTERNATIVES

ALTERNATIVES

CalPERS and CalSTRS are taking different paths to achieve a similar goal: lower costs and better alignment of interests in private equity.
CalPERS CIO proud of improving real estate portfolio

PENSION FUNDS

PENSION FUNDS

When CIO Theodore Eliopoulos leaves the CalPERS at the end of this year, a huge project awaits his successor.

Searches and Hires

Searches and Hires

CalPERS is searching for a manager to run its private equity emerging manager program.
Life post-CalPERS: CIO Eliopoulos envisions private-sector career

PENSION FUNDS

PENSION FUNDS

CalPERS CIO Ted Eliopoulos said it's likely he'll be joining the private sector when he leaves the $355.9 billion pension fund at year-end.
CalPERS eyes creating corporate structure for direct private equity investing

Pension Funds

Pension Funds

CalPERS is embarking on a new program to invest directly in private equity and late-stage venture capital through a corporate structure.

Searches and Hires

Searches and Hires

CalPERS' board extended Voya Financial's contract while it searches for an administrator for the CalPERS Supplemental Income Plan.
CalPERS gives sole CIO hiring, firing responsibility to CEO

Pension Funds

Pension Funds

CalPERS' board governance committee changed its policy to make the CEO solely responsible for hiring, evaluating and terminating the CIO.
CalPERS CIO to leave at end of year for family reasons

Pension Funds

Pension Funds

Theodore "Ted" Eliopoulos, CalPERS' chief investment officer, will be leaving the pension fund at the end of 2018.

Searches and Hires

Searches and Hires

CalPERS hired Neuberger Berman to manage $100 million in global bonds, committed $460 million to a joint venture and allocated $7 billion to in-house strategies.
Equifax shareholders re-elect all board directors, defeat political spending proposal

GOVERNANCE

GOVERNANCE

Despite opposition from large pension funds, all 10 Equifax directors were re-elected and the company's executive compensation package was approved.
Portfolio size no guarantee of protection

PRIVATE EQUITY

PRIVATE EQUITY

The biggest buyout portfolios aren't always the best when it comes to risk and returns, a study shows.
Asset owners pressing money managers for their diversity data

ASSET OWNERS

ASSET OWNERS

Asset owners are starting to press their money managers on gender diversity
California Senate committee kills bill allowing employees to opt out of CalPERS

Legislation

Legislation

California bills, including one that would have allowed new state workers to opt out of CalPERS in favor of a DC plan, failed to pass a Senate committee.