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.
Tag: CalPERS
Manager Selection
CalPERS Consolidates Private Equity with Growth and Innovation Program
Anton Orlich, appointed last month as managing director for growth and innovation, will lead the combined unit.
Manager Selection
CalPERS Taps Anton Orlich as Head of Growth, Innovation Investments
The pension fund also announced the departure of Greg Ruiz, private equity managing investment director.
Market Moves
3rd Quarter Earnings Season Gets Off to a Wheezing Start
Banks’ so-so results don’t inspire confidence, as the stock market continues its losing ways.
Private Equity, the Hot Asset Class for Allocators, Faces Headwinds
Deals are expected to fall far short of 2021’s record-breaking level.
Asset Allocation
CalPERS Blames ‘Tumultuous’ Markets for Preliminary 6.1% Fiscal Year Loss
The pension fund will increase its private asset exposure as fixed income and public equities weigh down the portfolio.
Asset Allocation
CalPERS’ New Asset Allocation Kicks In July 1
The $442 billion pension fund is shifting money out of public equity and into private equity and other alts.
The Woebegone Office Sector’s Bright Spot: Class A Buildings
What work-from-home problem? The sparkling new properties are in demand.
New York Pension Plans Launch Fight to Dislodge 2 Amazon Directors
Protesting working conditions at the e-commerce giant’s warehouses, the city and state funds urge no votes on reelecting board members.
Newsmakers
CalPERS to Increase External Management Budget by $145.6 Million
Most of the new fees will be allocated to private equity and real estate.
Shareholders File More ESG Proposals Than Ever Ahead of This Proxy Season
Company diversity and climate change are the biggest issues for investors this year.
Manager Selection
CIO of New Jersey Police and Fire Pension Resigns
The resignation follows an ethics probe into his behavior at a previous pension fund.
Newsmakers
CalPERS Selects Wilshire Advisors as Consultant for Private Debt Allocation
Wilshire’s services were almost half the cost compared to those of Meketa.
Asset Allocation
Proposed Bill Would Require CalPERS, CalSTRS to Divest Fossil Fuels
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
Asset Allocation
Here Are the Biggest Trades that CalPERS and CalSTRS Made in Q4
Both pensions are keen on Microchip Technology Inc.