California Public Employees Retirement System
Watch breaking news videos and read news updates about California Public Employees Retirement System on pionline.com
CalPERS to launch pilot program for ESG criteria next month
trueCalPERS next month will begin a one-year pilot program of its sustainable investment guidelines, the latest phase in its multiyear project to integrate ESG manager expectations across all asset classes.
Large pension fund fiduciaries fire back at share-buyback policies
trueThe chief financial officers of two large states and two large cities on Wednesday issued an open letter in their role as pension fiduciaries criticizing the practice of share-buybacks by corporations and questioning whether companies “are adequately reinvesting for sustainable returns over the ...
CalPERS to invest A$1 billion in Asia-Pacific infrastructure with QIC
trueCalPERS entered into a partnership with Australian money manager QIC, which will run A$1 billion ($805 million) in a customized Asia-Pacific infrastructure portfolio.
San Bernardino council approves bankruptcy restructuring plan with full payments to CalPERS
trueThe city of San Bernardino’s Common Council on Monday approved a fiscal recovery plan to exit Chapter 9 bankruptcy that would repay CalPERS in full but only pay holders of the city’s $48.4 million outstanding pension obligation bonds about 1% as calculated on a present value basis.
CalPERS commits $50 million to co-investment
trueCalPERS committed $50 million to a co-investment with private equity firm Tailwind Capital Partners, said agenda materials for the pension fund’s May 18 investment committee meeting.
CalPERS up 1.3% three-quarters through its fiscal year
trueThe California Public Employees' Retirement System had a net return of 1.3% in the nine months ended March 31, according to its latest performance and risk update posted Monday. Its fiscal year runs through June 30.
San Bernardino judge rejects bondholders' lawsuit over pension debt
truePension bondholders can't force the bankrupt California city of San Bernardino to pay them as much as the state's powerful retirement system, a judge ruled Monday.
CalPERS backs DuPont slate as Trian proxy fight showdown looms
trueThe California Public Employees' Retirement System backed E.I. du Pont de Nemours & Co. in its proxy fight with activist investor Trian Fund Management, which the $305.3 billion pension fund criticized for having a “short-term focus.”
CalPERS supports proxy access at McDonald's, Kohl's
trueCalPERS is supporting a shareholder proposal for proxy access at McDonald's Corp., spokesman Joe DeAnda said Wednesday in an e-mail.
CalPERS reports $90 million less in costs for latest 5-year period
trueThe California Public Employees’ Retirement System, Sacramento, said annual ongoing costs for its investment operations have declined by about $90 million during the five-year period ended June 30, 2014, the pension fund said in a report released Monday.
CalPERS investment committee takes no position on coal divestment bill
trueThe CalPERS investment committee by an 11-1 vote Monday approved investment staff's recommendation to take no official position on state legislation calling on both the pension fund and CalSTRS to divest from investments in coal companies.
CalPERS slates $110 million for Onex Partners co-investment
trueThe $300.5 billion California Public Employees’ Retirement System, Sacramento, committed to a co-investment with private equity firm Onex Partners.
CalPERS staff neutral on bill to divest coal companies
trueCalPERS’ investment staff is taking no official position on state legislation calling on the pension fund to divest from coal companies. But in agenda materials prepared for the April 13 investment committee meeting, the staff also opposed in general selling off energy holdings.
CalPERS boosts cash return through repurchase facility
trueA repurchase facility announced this month with access to cash from CalPERS to cover the cost of a counterparty default — the first such agreement involving an asset owner — is shining a light on potential roles for asset owners as sources of liquidity.
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.