Los Angeles County Employees Retirement Association's board adopted a new asset allocation, increasing illiquid assets to 32% from 19%.
Los Angeles City Employees' Retirement System adopted a new asset allocation, increasing private equity by 2 percentage points to 16%.
After nearly 20 years as CalSTRS CEO, Jack Ehnes is retiring and reflecting on his tenure at the nation's second largest pension fund.
CalSTRS is buying five commercial properties in Southern California for $320 million, as part of its move to make more direct investments.
Former CalPERS board member J.J. Jelincic is suing the fund over documents related to the August resignation of former CIO Yu "Ben" Meng.
CalSTRS officials revised a policy to add alternative investments to the fund's sustainable investment and stewardship strategies portfolio.
CalPERS and CalSTRS are wrestling with COVID-19 impact, staffing and moving their plans forward post pandemic.
CalPERS officials are in the midst of interviewing CIO candidates and expect to name Yu "Ben" Meng's replacement in the first quarter.
South Korea's National Pension Service has entered into a $1.5 billion joint venture with real estate investment firm Hines.
CalPERS' board approved the release of an RFP for an outside actuarial firm to review the work of the CalPERS actuarial staff.
CalSTRS is considering adding an opportunistic asset class as well as leverage to certain asset classes to counter lower expected returns.
Los Angeles City Employees' Retirement System earned a net return of 1.1% for the fiscal year, underperforming its benchmark of 4%.
New Mexico Public Employees Retirement Association returned a net -1.5% for the fiscal year ended June 30, matching its benchmark.
New Mexico Educational Retirement Board delegated to the staff the selection of investment managers and consultants, with one exception.
Los Angeles County Employees Retirement Association returned 1.8% for its fiscal year.
Former CalPERS CIO Yu "Ben" Meng failed to disclose sales of stocks and other holdings, according to an anonymous complaint.
CalPERS CIO Yu "Ben" Meng resigns with more work to do amid questions.
California Controller Betty Yee called for an emergency board meeting following the sudden resignation of CalPERS CIO Yu “Ben” Meng.
San Diego County Employees Retirement Association earned a net 1.1% for the fiscal year ended June 30, underperforming its benchmark.
CalSTRS adopted a business plan for the 2021 fiscal year to make the pension fund's investment team think more like a money manager.
California State Teachers' Retirement System moved its asset allocation closer to the long-term targets adopted in January.
CalPERS earned a preliminary net return of 4.7% in the fiscal year ended June 30, with fixed income leading returns among its asset classes.
San Diego County Employees adopted a new asset allocation target that boosts equities while cutting alternative investments.
CalPERS' CIO has slowly changed the way the pension fund operates, leveraging the plan and steering assets toward alternative investments.
CalPERS' investment committee recommends that the board approve raising the maximum target for its opportunistic strategies to 5% from 3%.