What Could Derail Private Credit’s Momentum?
The popular investment may suffer from an economic dip and other changes in the financial scene, critics warn.
Tag: CalPERS
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.
Regulation
Pensions, Asset Managers Broadly Support Tick-Size, Access Fee Updates
The SEC proposed reducing exchange access fees and pricing increments for tick-constrained symbols in December 2022.
News
Allocators Targeted Amazon Policies in Failed May Proxy Vote
One in three shareholders, including pension funds like CalPERS, opposed the online retail giant at its annual meeting on such issues as executive pay.
The Biggest Hedge Funds Take the Lead—and Pocket the Most Investments
Amid an attrition trend and a performance lag, the smaller operators are closing.
Newsmakers
CalPERS Seeks Investment Director
The pension giant is hiring a search firm to find candidates for the job, which pays up to $392,000 a year.
Newsmakers
Pension Funds Appear Unfazed by Potential US Default
They have ample liquid assets—and show little sense of fear.
Dark Clouds Over Commercial Real Estate Don’t Frighten Allocators
Prices are down and dire forecasts abound, but asset owners plan to modestly boost their CRE exposure.
Risk
Hedge Funds Continue to Lose Investors
February, a bellwether month for the asset class, did not bring any relief, a Nasdaq eVestment study finds.
Newsmakers
Former Aramco Alts Head Joins CalPERS as Private Markets DCIO
Daniel Booth will oversee the $442.6 billion pension fund’s private equity, real assets and private debt.
Newsmakers
CalPERS Equity Portfolio Edges Out S&P 500 Returns in Q4 2022
CalPERS’ equity portfolio returned 7.92% in the fourth quarter of 2022, eclipsing the S&P 500 performance by 84 basis points.
Asset Allocation
Asset Managers See Further Potential in Private Credit Market
Amidst market uncertainty imposed by the pandemic and interest-rate hikes, portfolios have thrived in private credit; both CalSTRS and the CAIA Association hosted asset managers to discuss the asset class.
Inside or Outside? Where Do Successful CIO Candidates Come From?
Three looks at the different paths investment chiefs took to reach their present berths.
Newsmakers
CalPERS Commits $1 Billion to Boost Diversity Among Alts Managers
The pension giant is investing $500 million in both TPG’s Next Fund and GCM Grosvenor’s ‘Elevate’ strategy.