California Public Employees Retirement System

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  1. CalPERS reports $90 million less in costs for latest 5-year period

    trueThe California Public Employees’ Retirement System, Sacramento, said annual ongoing costs for its investment operations have declined by about $90 million during the five-year period ended June 30, 2014, the pension fund said in a report released Monday.

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  1. CalPERS slates $110 million for Onex Partners co-investment

    trueThe $300.5 billion California Public Employees’ Retirement System, Sacramento, committed to a co-investment with private equity firm Onex Partners.

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  2. CalPERS staff neutral on bill to divest coal companies

    trueCalPERS’ investment staff is taking no official position on state legislation calling on the pension fund to divest from coal companies. But in agenda materials prepared for the April 13 investment committee meeting, the staff also opposed in general selling off energy holdings.

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  3. CalPERS boosts cash return through repurchase facility

    trueA repurchase facility announced this month with access to cash from CalPERS to cover the cost of a counterparty default — the first such agreement involving an asset owner — is shining a light on potential roles for asset owners as sources of liquidity.

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  4. CalPERS CIO warns of lower equity returns in the future

    trueCalPERS' CIO warned members of the pension fund's investment committee Monday that the six-year equity bull market that helped produce strong investment results is likely coming to an end.

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  5. CalPERS makes first direct commitment to emerging manager Siris Capital

    trueCalPERS committed $75 million to private equity firm Siris Capital Group.

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  6. CalPERS to provide added source of contingent liquidity to derivatives clearinghouse

    trueCalPERS has joined a fully committed repo facility with derivatives clearinghouse Options Clearing Corp. and securities lending agent eSecLending to provide contingency liquidity in the event of a counterparty default.

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  7. CalPERS looking at stricter governance policy for emerging markets

    trueA new global governance policy expected to be approved by the investment committee of the $296.6 billion California Public Employees’ Retirement System will subject CalPERS investments in emerging markets to tougher standards.

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  8. CalPERS' asset allocation as of Jan. 31

    trueAs of Jan. 31, CalPERS’ $293 billion portfolio was invested across 10 asset classes outlined by the fund. Public equities accounted for 52.6% of the portfolio, down from 54.2% in January 2014.

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  9. 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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  10. CalPERS commits $400 million total to 2 buyout funds

    trueCalPERS has committed $400 million total to two private equity buyout funds.

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  11. 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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  12. 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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  13. 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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