California Public Employees' Retirement System (CalPERS)

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
CalPERS committee approves cutting rate of return to 7% over 3 years

CalPERS committee approves cutting rate of return to 7% over 3 years

A key CalPERS committee approved a plan Tuesday to reduce the pension fund's rate of return to 7% over a three-year period from the current 7.5%.

December 20, 2016 | 08:47 pm

CalPERS slates $270 million for buyout fund

CalPERS committed $270 million to Trident VII, a buyout fund.

December 13, 2016 | 02:46 pm

CalPERS sues IAC over attempt to dilute shareholder voting power

CalPERS on Monday filed a lawsuit against the board of directors of IAC/InterActiveCorp and its largest stockholder, Barry Diller, saying a plan for a new class of non-voting stock would secure Mr....

December 13, 2016 | 04:22 pm
CalPERS studies ways to  keep private equity afloat

CalPERS studies ways to keep private equity afloat

The California Public Employees' Retirement System is grappling with ways its $26.4 billion private equity program can continue to produce superior results in an era of expected lower returns across...

December 12, 2016
CalPERS staff recommends dropping tobacco investment ban

CalPERS staff recommends dropping tobacco investment ban

CalPERS' investment staff is recommending that investment restrictions on tobacco-related securities be removed, according to a memo to be presented at the investment committee meeting on Dec. 19.

December 12, 2016 | 03:45 pm
CalPERS balancing risks in review of lower return target

CalPERS balancing risks in review of lower return target

The stakes are high as the CalPERS board debates whether to significantly decrease the nation's largest public pension fund's assumed rate of return, a move that could hamstring the budgets of...

November 28, 2016
Real estate allocations up as investors seek security

Real estate allocations up as investors seek security

Institutional investors are using real estate as yet another proxy to bonds, to effectively manage volatility and protect against rising inflation. In Europe and the U.K. particularly, real estate...

November 28, 2016
Election not expected to slow move to alts

Election not expected to slow move to alts

The election of Donald J. Trump as the next U.S. president has not changed economic or market expectations enough to slow the migration to illiquid assets by institutional asset owners searching for...

November 25, 2016 | 12:01 am

CalPERS cuts benefits for Loyalton employees after city defaults on its liabilities

Loyalton, a small California city of 700 people, has been declared in default by the $299.5 billion California Public Employees’ Retirement System in what could be an unprecedented action.

November 17, 2016 | 03:50 pm