CalPERS CIO Orders Active Risk Review
Ted Eliopoulos wants to know whether the largest US pension system is being rewarded enough for its investment risk taking.
Ted Eliopoulos wants to know whether the largest US pension system is being rewarded enough for its investment risk taking.
Fewer IPOs mean operational efficiencies rather than leverage become more important for private equity portfolio company exits, Sonsini says.
Eighty percent of plan’s timber portfolio was sold at a large loss last month.
Experience wanted, but not too much experience. The idea is to identify promising managers with room to grow.
New investment sustainability director bullish on ‘boring’ clean energy opportunities.
Approval for new private equity direct investment organization could also be only several months away.
Pension results were just under its custom benchmark, missing the mark by six basis points.
Board questions how CalPERS can still help areas after end of California Initiative.
Retirement system hasn’t been attracting enough top talent with current pay package.
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.
18% of US companies targeted in July 2017 now have, or have concrete plans to have, women and minority board members.
Plan targets stock exchange practice that asset managers say leads to higher prices for investors like them.
Critics express fiduciary concerns.
‘CalPERS Direct’ would help largest US fund to bypass high fees.
Spokesman said cities will not be able to pay monthly contributions if returns are that low.