Oregon Public Employees Retirement System's board preliminarily lowered its assumed rate of return to 6.9% from 7.2%.
Blackstone recorded $684 billion in assets under management as of June 30, up 5.6% from March 31 and 21% year over year.
Generate Capital raised $2 billion through a second round of direct investments from money managers and asset owners.
A CalPERS-backed bill that would have kept certain details related to its private debt investments secret failed to pass out of committee.
Stonepeak has closed its first renewable energy fund, Stonepeak Global Renewables Fund, at its $2.75 billion hard cap.
CalPERS' executive search firm, Dore Partnership, does not expect the nation's largest pension fund to have a new CIO in place until March.
Ann Dai is joining Blue Owl Capital as a managing director and in the new position of head of investor relations.
Brendan Connor joined Silver Creek Capital Management as a managing director and portfolio manager for some hedge fund strategies.
CalPERS earned a net return of 21.3% for its fiscal year ended June 30, underperforming its 21.7% benchmark.
Shelby Wanstrath will join Vista Equity Partners in August as a managing director, corporate growth initiatives.
Asset owner and money management executives share their summer reading choices.
NAIC aims to create diversity in the private equity and hedge fund industries with its new internship program.
Private equity firms are on a tear, buying smaller companies and merging them for instant growth, but higher returns are not assured.
Some asset owners, including CalPERS, are reconsidering how they use tracking error in measuring risk.
According to Sara Tirschwell, women and minorities have trouble advancing because they can't use their investment track records.
Questions about who can claim ownership of track records leaves some executives without proof of investment success.
CalSTRS and CalPERS officials have seen modest progress in advancing diversity since they started holding forums on the topic.
CalPERS' rehiring of Buck Global for valuation services did not have the backing of all board members.
San Diego County Employees Retirement Association board made a slight change to its asset allocation for fiscal year 2022.
CalPERS is preparing to restart its search for a new CIO later this summer, after having suspended the recruitment effort in March.
CalPERS could change how it calculates tracking error, which would eliminate private equity and real assets from its measure.