A growing middle class and economic recovery in Latin America are providing opportunities for money managers.
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%.
San Francisco City & County Employees' Retirement System committed up to $400 million to six real assets and private equity investments.
A newly elected CalPERS board member wants more transparency and criticized private negotiations between staff and BlackRock over the fund's private equity program.
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.
CalPERS reported its unfunded liability grew $27.3 billion to $138.6 billion as of June 30, 2016, prompting criticism from a think tank.
CalSTRS is investing $204 million in a joint venture with real estate investment firm GTIS Partners.
CalPERS is acquiring an 80% stake in two wind farms in Kansas and Oklahoma for $233 million.
Marin County Employees' Retirement Association reduced its assumed rate of return to 7% from 7.25% as the result of decreased future return expectations.
Capital Group hires a veteran liability-driven investment executive to spearhead the expansion of its own LDI business.
As CalPERS mulls over a new asset allocation for the next four years, one group is making it clear CalPERS needs to steer clear of major changes.
CalSTRS' investment committee approved the selection of RCLCO Real Estate Advisors as its new real estate consultant.
Northern Trust Asset Management's new chief is aiming to expand the firm's ETF and factor-based assets under management.
San Mateo County Employees' Retirement Association committed $15 million to Bernhard Capital Partners II, a buyout fund.
State Street Corp. agreed to pay $5 million to settle DOL charges that it discriminated against top female employees and black vice presidents.
The rise of passive investing has resulted in a major boon for index providers.
Invesco said Thursday it is purchasing the ETF business of Guggenheim Investments for $1.2 billion.
The Washington State Investment Board approved a new asset allocation that increases illiquid asset exposures by 5 percentage points.
CalPERS hired Meketa Investment Group has its new infrastructure consultant.
San Francisco City & County Employees' Retirement System approved an asset allocation to increase the target allocation of hedge funds to 15%.
The University of California's general endowment and defined benefit plan both posted double-digit returns for the fiscal year ended June 30.
The $333.3 billion California Public Employees' Retirement System, Sacramento, committed $500 million to Onex Partners V.
CalPERS' investment committee could hire a new infrastructure consultant at its Sept. 18 meeting after StepStone Group resigned.