California Public Employees Retirement System
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Guilty plea opens new chapter in CalPERS story
trueFormer CalPERS CEO Federico R. Buenrostro's guilty plea earlier this month revealed new details and disclosures in the corruption scandal that engulfed the nation's largest defined benefit plan.
CalPERS posts 18.42% gain for 12 months
trueCalPERS posted double-digit returns for the fourth time in five years, returning 18.42% for the fiscal year ended June 30.
Pension funds to benefit in Citigroup $7 billion settlement
trueState pension funds in California and Illinois are among the recipients of Citigroup Inc.'s $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the financial crisis.
Ex-CalPERS CEO Buenrostro pleads guilty, admits to taking cash bribes of $200,000
trueFormer CalPERS CEO Federico R. Buenrostro pleaded guilty Friday to a charge of conspiracy to commit bribery and fraud, admitting he received $200,000 in cash bribes — in paper bags and a shoe box — from placement agent Alfred Villalobos as part of a plan to influence CalPERS’ investment decisions.
CalPERS passes $300 billion in assets for the first time
trueThe asset size of CalPERS, the largest defined benefit pension plan in the U.S., crossed the $300 billion mark for the first time.
CalPERS on lookout for general investment consultant
trueCalPERS is searching for a general investment consultant to the $296.3 billion pension fund's board.
Former CalPERS CEO to plead guilty to corruption charges
trueFederico Buenrostro, the former CEO of CalPERS, will plead guilty to corruption charges and testify against his co-defendant, former CalPERS board member Alfred Villalobos, in federal court, Mr. Buenrostro's lawyer William Portanova said.
CalPERS seeks infrastructure, real estate consulting services
trueCalPERS issued an RFP for a pool of consultants for infrastructure and real estate technical investment consulting services.
CalPERS hunting for private equity consultant
trueCalPERS issued an RFP for a private equity consultant to serve as an independent adviser to the pension fund's investment committee.
CalPERS' investments in California grew 5.6% in 2013
trueCalPERS reported Monday the fund's investments in the state of California rose 5.6% in 2013 to $20.8 billion - up from $19.7 billion a year earlier.
Schlachter leaving Wilshire
trueMichael Schlachter, a senior consultant and managing director at Wilshire Associates and one of two lead consultants for the California Public Employees' Retirement System, is leaving the investment consulting firm.
CalPERS' staff seeks larger private equity relationships
trueCalPERS' private equity investment staff is seeking permission from the pension fund's investment committee to enter into bigger monetary relationships without investment committee approval as part of an effort to reduce the number of its general partners.
CalPERS' proxy proposal at Nabors wins majority support
trueCalPERS' proposal at Nabors Industries calling for the company to change its proxy-voting counting to treat broker non-votes as having no impact won majority support from shareholders.
CalPERS launches search for pool of real assets consultants
trueCalPERS issued an RFP for a pool of real assets consultants to serve as needed for the $293 billion pension plan.
Appeals court rules S&P, Moody's must face CalPERS subprime lawsuit
trueA California Court of Appeals panel allowed a lawsuit by the California Public Employees' Retirement System to proceed against two firms' ratings on subprime mortgages that led to $800 million in losses for the $293 billion pension fund.