California Public Employees Retirement System
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CalPERS launches real estate consultant search
trueCalifornia Public Employees’ Retirement System, Sacramento, is searching for a real estate consultant, said an RFP on the $291 billion pension fund’s website.
California governor signs bill requiring CalPERS, CalSTRS to divest coal
trueCalifornia Gov. Edmund G. “Jerry” Brown Jr. signed into law Thursday a bill that requires CalPERS and CalSTRS to divest from investments in coal companies, he announced on his website.
CalPERS preps real estate consultant search
trueCalPERS will launch a search in October for a real estate investment consultant.
CalPERS global equity by strategy
trueCalPERS’ global equity program assets stood at $162 billion as of June 30, representing about 54% of the overall portfolio.
CalPERS to consider taking activist manager portfolio in-house
trueCalPERS is evaluating its $2.6 billion external activist manager program to see whether its global equity staff could manage the strategies internally, said a report by CalPERS consultant Wilshire Associates.
Bill requiring CalPERS, CalSTRS to divest coal company stocks moves to governor's desk
trueCalPERS and CalSTRS are a step closer to being forced to divest from investments in coal companies following the California State Assembly’s 47-30 vote Wednesday in favor of legislation mandating the two pension funds liquidate holdings in thermal coal companies by July 1, 2017.
Florida SBA to engage Bank of America on separating CEO, chairman roles
trueFlorida State Board of Administration officials plan to meet with Bank of America Corp. management on Wednesday to discuss the company’s proposal seeking shareholder approval of a corporate bylaw amendment allowing the board of directors discretion to determine its leadership structure on whether ...
CalPERS on lookout for custodian
trueCalPERS is searching for a master custodian for its $292.9 billion pension fund, affiliated funds and the supplemental 457 deferred compensation plan.
CalPERS' co-investments top private equity performance over long term
trueBy investment structure, co-investments/direct investments had the highest 10-year returns in CalPERS’ private equity portfolio. Through June 30, co-investments had an annualized 10-year return of 16.5%, according to the pension fund’s semiannual private equity performance report, prepared by ...
CalPERS slates $500 million for Blackstone buyout fund
trueCalifornia Public Employees' Retirement System, Sacramento, has committed $500 million to Blackstone Group buyout fund Blackstone Capital Partners VII.
CalPERS holding events next month for emerging, diverse managers
trueCalPERS will be holding two days of meetings next month to reach out to emerging and diverse managers, said Laurie Weir, senior portfolio manager, targeted investment programs.
CalPERS looks to lower return expectations
trueCalPERS officials want to lower the pension fund's volatility by reducing the system's 7.5% assumed rate of return over time.
CalPERS highlights corporate governance progress
trueCalPERS “made significant progress” in moving companies toward its corporate governance point of view on proxy access and climate risk reporting, among other objectives, the Sacramento-based $302.2 billion pension fund announced Wednesday in reporting outcomes of its proxy voting and engagement ...
CalPERS' fiscal year return is credit negative for the state — Moody's
trueCalPERS' announcement that its preliminary investment return for the fiscal year ended June 30 was 2.4%, compared with its 7.5% assumed rate of return, will increase funding costs for government units that contribute to the plan and could cause rating downgrades, said a report by Moody's Investors ...
CalPERS returns 2.4% for fiscal year
trueCalPERS reported investment returns of 2.4% for the fiscal year ended June 30, below both its assumed rate of return and its custom benchmark.