Asset Management Culture
CalPERS Not Ready to Pick CIO
Several finalists have been interviewed for the top spot, but an expected January decision has been delayed.
Tag: California Public Employees’ Retirement System
Asset Management Culture
New CalPERS CIO Could See $2.4 Million Payout
That compensation is tied to five-year goals as part of an effort to reduce turnover at the largest public pension in the US.
Asset Management Culture
CalPERS Taps Yup Kim as Private Equity Investment Director
He joins the $407.5 billion pension giant from Alaska’s sovereign wealth fund.
Asset Allocation
Just Minor Adjustments to Portfolio Are the Smartest Move, 3 Key CIOs Say
A trio of investment chiefs overseeing a half-trillion dollars are preparing their funds for low interest rates without drastically overhauling portfolios.
Asset Management Culture
New Investment Restrictions Coming for CalPERS CIO
The resignation of CalPERS CIO Ben Meng on ethics charges revolving around his investments spurred board to review new restrictions.
Asset Management Culture
Investor-Led Climate Action 100+ to Judge Companies on Sustainable Benchmark
The standard developed by the global alliance of allocators and EY Consulting will be released next year to assess which businesses are leading the transition to net-zero carbon.
Pensions
World’s Largest Pension Funds’ AUM Up 8% in 2019
Report finds size matters, as the larger the fund, the higher the compound annual growth rate was from 2014 to 2019.
Pensions
CalPERS Retirees Call for Board President to Resign
The demand for Henry Jones’ ouster is the latest fallout from the resignation of CalPERS CIO Ben Meng following complaints he violated state ethics rules.
Asset Allocation
CalPERS Sells Apple Stock, Invests in Microchips, Pharmaceuticals, Cannabis
The iPhone maker has enjoyed a large rally, but an ongoing trade war with China and the possibility of increasing regulation after a November election have dampened investor enthusiasm.
Newsmakers
CalPERS CIO Ben Meng’s Departure Linked to Questions on His Financial Disclosure
At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
Newsmakers
CalPERS CIO Ben Meng Resigns from Nation’s Largest Pension Fund
Deputy chief Dan Bienvenue will take over until the retirement system finds a replacement.
Asset Management Culture
Board Member Sues CalPERS over Alleged Retaliation
Margaret Brown claims she was wrongly punished ‘to silence one of the only watchdogs on the CalPERS board’ and seeks to dispute discipline.
Corporate Moves
CalPERS Critic Left Off Investment Committee
As panel is downsized to 9 members, Margaret Brown is removed from the list. Also gone: State Treasurer Fiona Ma
Opinion
What Defines ‘Materiality’? CalPERS’ CEO Likens New SEC Disclosure Rules to Allowances in Sexual Harassment
Marcie Frost says SEC term is too ambiguous.
Regulation
CalPERS Board Considers Gag Policy
Once investment decisions are made, board members would be prevented from talking to the press and expressing their views at board meetings.