California Public Employees Retirement System

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  1. Institutional investor coalition calls on governments for climate-change policies

    trueA group of 347 global asset owners and other institutional investors representing $24 trillion in assets — including CalPERS, CalSTRS, BT Pension Scheme and BlackRock — called on government leaders worldwide to phase out subsidies for fossil fuels and move to carbon pricing to facilitate ...

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  1. Watch P&I's Resnick discuss CalPERS on PBS

    truePensions & Investments' Executive Editor Amy Resnick appeared on PBS' “Nightly Business Report produced by CNBC” to discuss CalPERS' decision to eliminate its hedge fund portfolio.

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  2. CalPERS selects StepStone for infrastructure consulting

    trueCalPERS’ investment committee hired StepStone Group as infrastructure consultant, pending contract negotiations.

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  3. CalPERS is largest investor to exit hedge funds, but decision isn't a surprise to some

    trueCalPERS is the first large institutional investor to completely eliminate hedge funds from its portfolio.

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  4. Charles Valdes, former CalPERS trustee, dead at 74

    trueCharles P. “Chuck” Valdes, a former board member with the $298 billion California Public Employees' Retirement System, has died.

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  5. CalPERS dumping hedge funds

    trueThe $298 billion California Public Employees' Retirement System, Sacramento, will completely close its $4 billion hedge fund portfolio.

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  6. CalSTRS private equity manager leaves to head new CalPERS unit

    trueMahboob Hossain joined the $298 billion California Public Employees' Retirement System as a senior portfolio manager.

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  7. CalPERS adds $1.3 billion to 3 real estate partnerships

    trueCalPERS committed an additional $1.3 billion total to three real estate partnerships, said agenda materials for the investment committee's meeting on Monday.

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  8. CalPERS commits $1.35 billion to 4 managers

    trueCalPERS committed $600 million to two real estate partnerships, $500 million to a European opportunistic credit strategy and $250 million to a credit-focused investment strategy, said agenda materials for the investment committee’s Sept. 15 meeting.

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  9. CalPERS issues RFP for consultants' pool

    trueCalPERS has issued a request for proposals for investment consultants to participate in a pool of firms providing general investment consulting services.

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  10. CalPERS to choose private equity consultant finalists

    trueCalPERS staff will ask the $302 billion pension fund's investment committee at its Sept. 15 meeting to approve the selection of three finalists for the committee's private equity consultant — incumbent Pension Consulting Alliance, Albourne America and Meketa Investment Group.

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  11. Vector fund connects Harvard, CalPERS money to Caribbean payday loans at 600%

    trueAlex Slusky was under pressure to put the money in his private equity fund to work. The San Francisco technology financier had raised $1.2 billion in 2007 to buy and turn around struggling software companies. By 2012, investors including Harvard University were upset that about half the money ...

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  12. CalPERS commits $4.5 billion to private equity across 17 opportunities in FY 2014

    trueCalPERS committed $4.47 billion to 12 private equity funds and five co-investment opportunities in the fiscal year ended June 30.

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  13. CalPERS' real estate consultant cautions the pension fund's investment committee

    trueCalPERS' real estate consultant warned fund officials must maintain their "disciplined approach" to underwriting in the "overheated market."

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