Newsmakers
SMUD to Power 50% of CalPERS Electricity Via SolarShares Program
20-year agreement to help demonstrate the program’s greenhouse gas reduction opportunities, cost-effectiveness.
Tag: CalPERS
Newsmakers
Advocacy Groups Call for Funds to Divest from Owner of Trump SoHo Hotel
The legal groups claim investment money violates President Trump’s fixed salary mandate.
CalPERS Posts Preliminary Gains of 11.2% for 2016-2017 Fiscal Year
Strong equity gains of 19.7% drive funded ratio up 3% to 68%.
CalPERS Seeking Global Equity, Private Equity “Transition” Managers
Pension looking for successful early-stage managers who no longer fit its “Emerging” category.
Santa Monica Agrees to Fund CalPERS $45 Million
City council significantly boosts annual payment from $1.3 million to pay down unfunded liability.
CalPERS Pressured into Rethinking Private Equity Strategy
Pension fund defends use of “essential” asset class, despite high fees.
CalPERS, Exxon Shareholders Celebrate Big Win for Climate Change Reporting
Proposal #12 passes in a 62.3% proxy vote by Exxon Mobil shareowners.
Newsmakers
CalPERS Urges Exxon Shareowners Vote “Yay” on Climate Change Proxy May 31
Proposal #12 looks to enhance reporting on impact of oil and gas reserves under 2-degree target and review long-term impacts.
California Proposes $6 Billion Boost to CalPERS
Gov. Brown says supplemental payment will save state $11 billion over 20 years.
CalPERS Board Adopts New Contribution Rates
Change driven by lower assumed rate of return, salary increases, and weak investment returns