Asset Allocation
Report Claims CalPERS’ Sustainability Portfolio Runs on Oil
However, the largest pension fund in the U.S. says the pro-investment approach is more effective than divestment.
Tag: CalPERS
Pensions
Stanford Launches 2nd Long-Term Investing Fellowship Cohort
The one-year rotational program will see fellows learn, research and work at Stanford and the California Public Employees’ Retirement System.
Manager Selection
New York Common Leads All US Public Pension Funds in Commitments to Diverse Firms
An NAIC report also found corporate pensions and union funds ‘lag significantly’ behind public pensions in hiring diverse managers.
Asset Allocation
CalPERS Reaches $53B in Climate Solutions Investments
The fund aims to make $100 billion in such investments by 2030 through its climate action plan and sustainable investments strategy.
Asset Allocation
Private Equity Continues as Top Performer for Pension Plans, Study Says
PE delivered 15.3% annually over 10 years, according to the American Investment Council.
Pensions
CalPERS Announces 9.3% Return in Year Ending June 30
Equities, which comprise 41.9% of the fund's portfolio, led the way with a 17.5% return.
Asset Allocation
CalPERS Increases Climate-Related Investments by Nearly $10B
Approximately half of the new investments will be in public equity, with the rest going into private markets.
Risk
Large Institutional Investors Rally Against Tesla Pay Package
NBIM, CalSTRS among funds voting against $56 billion pay package for executive Elon Musk.
Asset Allocation
CalPERS Returns 3.3% in the First Quarter, Decreasing Size of Buyouts in Portfolio
Assets of the US’s largest pension fund reached $495.3 billion at the end of Q1 as the fund prepares to increase its allocation to alternatives.
Newsmakers
Alex Bacchus Appointed Acting CIO of NZ Super
Bacchus will step in for Stephen Gilmore, who is leaving for CalPERS.
Pensions
Shareholder Activist Vote Against ExxonMobil Fails
An average of 95% of votes cast support the company's board amidst a lawsuit against two shareholders over sustainability concerns.
Pensions
CalPERS to Oppose Appointment of ExxonMobil Board of Directors
The pension fund will vote against the appointment of the board’s 12 members and its CEO.
It’s Just the Beginning for Surging Secondary PE Sales
Used as an escape hatch when private equity is in the doldrums, this venue has become established enough to keep going in better days, strategists say.
Pensions
CalPERS To Helm Climate Action 100+
CalPERS’ Michael Cohen will be appointed as steering committee chair of the organization.
Pensions
CalPERS, Stanford Engineering Create Fellowship for Training Institutional Investors
The program aims to foster a pipeline for investment talent.