California Public Employees Retirement System will announce which corporations will make its final Focus List at its investment committee meeting April 19.
The list names companies identified by CalPERS as underperforming their peers, and it will be the focus of CalPERS shareholder activism for the current year.
The $151 billion funds investment committee approved a tentative Focus List in October and usually announces the final list early in the year. But fund officials have decided on a later date for the announcement because staff has been meeting with company officials and has made what Robert Boldt, the funds senior investment officer for public markets, described as significant strides in gaining concessions and improving the companies operations. He didnt indicate if any of the companies on the tentative list might be dropped or others added.
Separately, the Sacramento-based fund has selected semifinalists in its search for a primary pension consultant and one or more special project consultants.