California Public Employees Retirement System
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Florida SBA to engage Bank of America on separating CEO, chairman roles
trueFlorida State Board of Administration officials plan to meet with Bank of America Corp. management on Wednesday to discuss the company’s proposal seeking shareholder approval of a corporate bylaw amendment allowing the board of directors discretion to determine its leadership structure on whether ...
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.
CalPERS' co-investments top private equity performance over long term
trueBy investment structure, co-investments/direct investments had the highest 10-year returns in CalPERS’ private equity portfolio. Through June 30, co-investments had an annualized 10-year return of 16.5%, according to the pension fund’s semiannual private equity performance report, prepared by ...
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.
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.
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.
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 ...
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 ...
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.
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.
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.
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.
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.
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.
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.