Pensions
CalPERS To Helm Climate Action 100+
CalPERS’ Michael Cohen will be appointed as steering committee chair of the organization.
Tag: California Public Employees’ Retirement System
Pensions
CalPERS, Stanford Engineering Create Fellowship for Training Institutional Investors
The program aims to foster a pipeline for investment talent.
Newsmakers
CalPERS Names Stephen Gilmore as New CIO
The new investment chief is CIO of the Guardians of New Zealand Superannuation and is expected to start in July.
Pensions
CalPERS Approves New Private Assets Allocation in Private Equity Push
The pension fund will increase private market assets to 40% of its portfolio, up from 33%, reducing equities and fixed income.
Pensions
CalPERS Prepares for 2nd Round of CIO Interviews
With the CIO position vacant since September 2023, a second set of interviews will be held on February 28.
Manager Selection
CalPERS Expects to Hold 1st Interviews for Vacant CIO Position Next Week
The selection subcommittee will meet between January 17 and 19.
Market Moves
Hedge Funds’ Popularity Flags Among Allocators, per Consulting Firm
Institutions will taper off their investments to hedge operators, says Agecroft Partners.
Asset Allocation
CalPERS Pledges to Boost Low-Carbon Assets to $100B
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
Pensions
CalPERS Selects Executive Search Firm to Identify New CIO
The system needs to replace CIO Nicole Musicco and hire a fourth lead investor in five years.
Asset Allocation
CalPERS’ Private Equity Allocation Remains Nearly $7B Under Target in Q3
The New York State Common Retirement Fund recorded the largest overallocation among global pension funds at $11.7 billion.
Corporate Moves
CalPERS CIO Nicole Musicco Will Step Down
Musicco cites family needs as the reason for her departure; the fund’s deputy CIO will serve as interim head.
Asset Allocation
CalPERS Reports Preliminary 5.8% Return for Fiscal 2023
Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.
Research
Schroders Takes Aim at Measuring Human Capital’s Impact on Stock Returns
The U.K. asset manager created a system to gauge how the people part of a business translates to share performance.
Asset Allocation
Public Equities Drive CalPERS’ 3.2% Q1 Return
The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.
Risk
CalPERS, CalSTRS, Genworth Among Those Affected by MOVEit Data Breach
Third-party vendor PBI Research Services is blamed for not initially revealing the scope of the hack.