California Public Employees Retirement System

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  1. CalPERS CIO warns of lower equity returns in the future

    trueCalPERS' CIO warned members of the pension fund's investment committee Monday that the six-year equity bull market that helped produce strong investment results is likely coming to an end.

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  1. CalPERS to provide added source of contingent liquidity to derivatives clearinghouse

    trueCalPERS has joined a fully committed repo facility with derivatives clearinghouse Options Clearing Corp. and securities lending agent eSecLending to provide contingency liquidity in the event of a counterparty default.

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  2. CalPERS looking at stricter governance policy for emerging markets

    trueA new global governance policy expected to be approved by the investment committee of the $296.6 billion California Public Employees’ Retirement System will subject CalPERS investments in emerging markets to tougher standards.

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  3. CalPERS' asset allocation as of Jan. 31

    trueAs of Jan. 31, CalPERS’ $293 billion portfolio was invested across 10 asset classes outlined by the fund. Public equities accounted for 52.6% of the portfolio, down from 54.2% in January 2014.

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  4. CalPERS management and performance fees by investment type in 2014

    trueCalPERS spent $1.59 billion on external management and performance fees during its 2014 fiscal year. While that figure sounds astronomical, it was only 51 basis points of the fund’s $313 billion investment portfolio (as of June 30).

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  5. CalPERS commits $400 million total to 2 buyout funds

    trueCalPERS has committed $400 million total to two private equity buyout funds.

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  6. CalPERS' return of 6.5% for 2014 lags benchmark

    trueCalPERS returned 6.5% for the 2014 calendar year, 31 basis points below its 6.84% custom policy benchmark, agenda materials for the Feb. 27 investment committee meeting show.

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  7. Clean tech loses power in energy portfolios

    trueOnce positioned to be a star of investors' portfolios, clean technology has been reduced to bit-part status, morphing into an opportunistic investment in a broader energy infrastructure strategy.

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  8. Stockton bankruptcy judge calls CalPERS a bully with 'glass jaw'

    trueArguments raised by CalPERS and Franklin Resources in the municipal bankruptcy of Stockton were emphatically rejected by a federal judge, who accused the pension fund of bullying its way through the case.

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  9. CalPERS to receive $300 million as part of S&P's $1.5 billion settlements

    trueMcGraw Hill Financial Inc. and its subsidiary Standard & Poor's Ratings Services have agreed to pay a total of $1.375 billion to settle lawsuits related to residential mortgage-backed securities and U.S. collateralized debt obligation ratings that S&P issued from 2004 to 2007.

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  10. Forecasting capital calls proves challenging for pension funds

    trueA CalPERS-sponsored study on treasury management finds that only 38% of pension funds responding said they are confident in their ability to accurately forecast cash needs for private investments beyond 30 days.

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  11. Ex-CalPERS executive Villalobos facing corruption trial dies

    trueAlfred Villalobos, a former California Public Employees' Retirement System board member scheduled to stand trial next month for conspiracy and bribery charges, has died in a Nevada gun club.

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  12. San Bernardino sued for favoring CalPERS over bondholders

    trueSan Bernardino, the bankrupt California city, was sued for keeping up payments to CalPERS without giving equal treatment to pension bondholders, a conflict facing other struggling U.S. municipalities.

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  13. 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.

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