California Public Employees Retirement System
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Carlyle Group raises $13 billion for sixth buyout fund
trueThe Carlyle Group held a final close of $13 billion for Carlyle Partners VI, a U.S. corporate buyout fund.
J.P. Morgan record $13 billion mortgage pact will benefit U.S. pension funds
trueJ.P. Morgan Chase & Co. reached a $13 billion deal with the Justice Department that ends probes into the bank's sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government.
CalPERS investment committee clarifies private equity authority
trueCalPERS' investment committee Monday approved changes that will allow Real Desrochers, the senior investment officer, private equity, to increase the size of co-investments made in conjunction with private equity funds.
CalPERS investment committee favors allocation with familiar ring
trueMembers of the CalPERS investment committee Wednesday indicated a preference for a new asset allocation that would put the assumed rate of return in a range of 7.25% to 7.5%. The current assumed rate of return is 7.5%.
CalPERS can't find viable low-vol benchmark for $135 billion equity portfolio
trueCalPERS' investment staff has concluded it is not feasible right now for the pension fund to switch its benchmark on its roughly $135 billion global equity portfolio.
CalPERS doubles employee bonuses as losses recouped
trueCalPERS doubled bonuses to its staff as the $278.3 billion fund recouped losses suffered in the recession.
Oracle shareholders reject executive pay, again
trueOracle Corp. shareholders rejected the pay packages of CEO Larry Ellison and other executives, hewing to the calls by institutional investors and a proxy adviser that said their compensation is out of sync with the company's performance.
CalPERS to appeal San Bernardino's bankruptcy eligibility
trueCalPERS will appeal a judge’s ruling that found the city of San Bernardino eligible to remain in Chapter 9 bankruptcy.
CalPERS criticizes plan by mayors to change benefits
trueCalPERS has condemned a proposal by five California mayors who want to let local governments change retirement benefits for current public workers.
CalPERS panel to look at private equity hirings
trueUnder pressure from state lawmakers and groups representing minority and women-owned private equity managers, the $269.1 billion California Public Employees' Retirement System has launched a task force to address how it can better evaluate which emerging private equity firms to fund.
CalPERS plans search for hedge fund managed account platform
trueCalPERS will issue an RFP for a managed account investment platform provider as part of the 2013 – 2014 fiscal year strategic plan for its $5.2 billion hedge fund portfolio.
Wilshire: 'CalPERS Effort' improves company stock performance
trueCalPERS' so-called focus list program continues to demonstrate “strong evidence of excess returns” for companies targeted by the pension fund to improve corporate governance practices, according to a review by investment consultant Wilshire Associates.
CalPERS adopts 10 investment beliefs to guide decisions
trueCalPERS adopted a set of 10 investment beliefs that provides a framework for investment decisions and alignment between investment committee members and staff.
Dell finally gets privatization deal approval
trueA majority of Dell Inc. shareholders approved the joint proposal by Michael S. Dell, chairman and CEO, to acquire the company for $24.9 billion in partnership with Silver Lake Partners, based on a preliminary vote tally from Thursday's special meeting, according to a Dell statement. A count wasn't ...
CalPERS revamps fund lineup for Supplemental Income Plans
trueCalPERS is changing the fund lineup for its Supplemental Income Plans to all passive funds managed by State Street Global Advisors and in-house staff, effective Oct. 7.