California Public Employees Retirement System

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  1. 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.

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  1. 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.

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  2. 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.

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  3. 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.

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  4. 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 ...

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  5. 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 ...

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  6. 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.

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  7. CalPERS to release private equity carried interest data

    trueCalPERS officials said Thursday that the fund for the first time will be reporting performance fees it pays to private equity firms, ending a mystery of just how costly it is for the nation's largest defined benefit plan to work with general partners.

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  8. CalPERS taps Park Hill to sell $3 billion in real estate on secondary market

    trueCalPERS hired Park Hill Group to assist in selling up to $3 billion of its $25.5 billion real estate portfolio on the secondary market.

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  9. CalPERS hampered by fee complications

    trueCalPERS officials, embarking on a major project to cut the fund's roster of external money managers and reduce fees, are blindfolded because they can't track what is being paid to private equity firms, the most fee-intensive group.

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  10. CalPERS private equity program performance

    trueSince inception in 1990 through Sept. 30, investment multiples have ranged from 4.4x for CalPERS' investment in the Newbridge Asia III fund, to zero for its American River Ventures I holding.

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  11. California Senate passes bill requiring CalPERS, CalSTRS to divest from coal

    trueThe California Senate voted 22-14 in favor of legislation calling on both CalPERS and CalSTRS to divest from investments in coal companies.

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  12. BlackRock, Ceres create ESG governance guide for institutional investors

    trueBlackRock teamed up with Ceres to create a guide for U.S. institutional investors on engaging with companies and policymakers on sustainability issues, the two institutions announced Thursday.

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  13. Chevron shareholders support proxy-access proposal; near majority at Exxon Mobil

    trueChevron Corp. shareholders voted 55% in support of a proxy-access proposal, while Exxon Mobil Corp. shareholders voted 49.4% in favor of a similar access proposal, according to preliminary voting results of the companies' annual meetings Wednesday.

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