California Public Employees Retirement System
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CalPERS votes to split chairman, CEO roles at J.P. Morgan Chase
CalPERS voted in favor of a non-binding shareholder resolution that would split the dual positions held by Jamie Dimon as J.P. Morgan Chase chairman and CEO, confirmed CalPERS spokesman Joe DeAnda.
CalPERS seeks to bar law firm in San Bernardino's bankruptcy
CalPERS is trying to ban a law firm from representing a creditor in the bankruptcy of the city of San Bernardino.
CalPERS: Portfolio risk trending lower but elevated vs. pre-crisis levels
In its latest fund performance and risk report, CalPERS said the pension fund's forecast risk was 12.96% as of Feb. 28 - and has been trending lower, but remains high compared to pre-crisis levels. Public and private equity accounted for about 87% of total portfolio risk, while real assets ...
CalPERS chief operating investment officer stepping down
Janine Guillot is stepping down as chief operating investment officer of the $258.3 billion California Public Employees' Retirement System's investment team.
CalPERS signs Invesco Real Estate for multifamily program
CalPERS hired Invesco Real Estate to manage an initial allocation of $250 million as part of its multifamily real estate program.
CalPERS asks Milken crowd for hedge fund resumes
CalPERS continues to build out its hedge fund capability and seeks four additional investment professionals to join its six-person team, said Egidio “Ed” Robertiello, senior portfolio manager, absolute-return strategies.
Stockton creditors to challenge CalPERS payments in bankruptcy court
The biggest U.S. city in bankruptcy, Stockton is preparing a plan for paying debt that may propose compensating some creditors less than the principal owed, setting up a likely court challenge from the creditors that the city's pension contributions be subject to cuts.
Ex-Simran Capital CEO settles with SEC over charges of defrauding CalPERS
The SEC charged the CEO of Simran Capital Management on Thursday with defrauding CalPERS and lying to other potential clients, according to an SEC news release.
CalPERS approves accounting change that will boost employer contributions
CalPERS approved a proposal to change how it counts investment losses and gains aimed at filling $87 billion in unfunded obligations.
CalPERS contributions could rise 50% in plan to plug funding gap
California taxpayers might see the municipal pension contributions they fund for the $258.3 billion California Public Employees' Retirement System rise as much as 50% under a plan to fill $87 billion in unfunded obligations.
Private equity returns an annualized 11.46% over 10 years for CalPERS
Private equity was the most lucrative asset class for CalPERS, returning an annualized 11.46% net of fees for the 10 years ended Dec. 31, according to a CalPERS analysis.
Bankrupt San Bernardino to resume payments to CalPERS in July
San Bernardino will resume paying into the California Public Employees' Retirement System in July, ending an almost yearlong hiatus that began when it entered bankruptcy last August.
Stockton can stay in bankruptcy over creditor objections
Stockton, Calif., can stay in bankruptcy protection after a judge said he found that the biggest U.S. city in bankruptcy negotiated in good faith with its creditors, and that the creditors didn't.
Poll results: What should CalPERS do with its active management portfolio?
Almost as many P&I Online readers believe the California Public Employees' Retirement System should decrease active management of its equity portfolio as those who believe the pension fund should increase active management.
CalPERS ponders taking more equities in-house
An expected August vote by the $254.9 billion California Public Employees' Retirement System could accelerate moves to manage more of the pension fund's $131 billion equity portfolio in-house, reducing its reliance on outside managers.