California Public Employees Retirement System

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  1. 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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  1. 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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  2. 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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  3. 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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  4. 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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  5. 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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  6. 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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  7. 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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  8. 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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  9. 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.

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  10. 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.

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  11. 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.

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  12. 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.

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  13. 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.

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