California Public Employees Retirement System
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California state senator seeks to require CalPERS, CalSTRS to divest coal
trueCalPERS and CalSTRS would be required to divest their holdings in companies that produce coal under a bill to be introduced by the leader of the state Senate.
CalPERS to analyze portfolio on what is 'repeatable, predictable and scalable'
trueCalPERS' investment office plans to use a new mantra in analyzing the performance and risk of its portfolio — whether a strategy is “repeatable, predictable and scalable,” said Wylie A. Tollette, the Sacramento-based pension fund's chief operating investment officer, on Monday.
CalPERS to review private equity benchmark after portfolio lags
trueCalPERS' $31 billion private equity portfolio has underperformed its policy benchmark over both long- and short-term periods, shows a review of the program, but pension fund officials feel part of the problem is that the benchmark seeks too aggressive a return and are seeking revisions.
CalPERS opens door on specialty consultant pool search
trueCalPERS is searching for investment management consulting firms to participate in a new pool to provide specialty consulting services on an as-needed basis, said an RFP on the pension fund’s website.
CalPERS staff bonuses up 14% to $9 million in fiscal year 2014
trueCalPERS paid $9 million in staff bonuses in fiscal year 2014, up 14% from the previous year.
CalPERS to go unchallenged in San Bernardino bankruptcy plan
trueSan Bernardino said it won't try to reduce its obligations to the $296 billion California Public Employees' Retirement System despite a recent ruling opening the powerful pension fund to such challenges in bankruptcy court.
CalPERS makes 3 private equity commitments
trueCalPERS committed $437 million to Bridgepoint Europe V, shows a list of investments that were part of the Nov. 17 investment committee meeting materials.
CalPERS will find it tough to sustain strong real estate returns, consultant says
trueIt is unlikely that CalPERS' $25.6 billion real estate portfolio will be able to sustain the strong returns produced in the last three years, said a report by the $296 billion pension fund's real estate consultant, Pension Consulting Alliance.
CalPERS supports 85% of management proposals in Q3
trueCalPERS voted on 10,937 resolutions (10,895 management and 42 shareowner), supporting 85% of management and 64% of shareowner proposals in the quarter. Those figures were little changed from the previous quarter, when support levels were 85% and 64%, respectively.
CalPERS gives $80 million to Grosvenor for in-state private equity fund
trueCalPERS committed $80 million to a new California-focused private equity fund to be run by Grosvenor Capital Management, said spokesman Joe DeAnda on Wednesday.
Stockton bankruptcy plan approved with no pension cuts
trueStockton, Calif., won court approval of its plan to exit bankruptcy by paying bond investors pennies on the dollar while fully protecting public-worker pension benefits, in a case that has been watched by other cities in the state facing heavy retiree costs.
CalPERS strips board vice president of title, censures another member
truePriya Mathur, vice president of CalPERS' board, has been stripped of her title and other leadership positions for violating state financial reporting requirements. She remains on the board.
CalPERS sticks with PCA as private equity consultant
trueCalPERS rehired Pension Consulting Alliance as the pension fund’s private equity consultant on Monday.
CalPERS launches search for federal policy lobbyists
trueThe firms chosen would be part of a pool and would develop strategies to achieve CalPERS' desired results on federal legislation, regulations, issues, projects or events, according to an RFP posted Friday.
CalPERS' fixed-income portfolio returns 7% annually over 10 years
trueCalPERS, in its latest annual review of the fund's global fixed-income program, said the $46.9 billion pool returned 7% annually in the 10 years ended June 30, 72 basis points above its benchmark. By comparison, the Barclays U.S. Aggregate index returned 5.43% annually during the same period.