Exclusive: CalPERS to Announce Direct Investment Program
‘CalPERS Direct’ would help largest US fund to bypass high fees.
‘CalPERS Direct’ would help largest US fund to bypass high fees.
Eliopoulos' leave comes at a crucial time for the mega pension fund.
CIO plans to spend more time with family, fund will conduct a national search for his replacement immediately.
Curtis Ishii to end 40-year tenure in July; Arnie Phillips is named interim fixed income director.
But fund’s 4.6% loss is nearly half of what market lost overall, Eliopoulos says.
$330 billion system boasts about its influence on corporate governance of public companies.
Strong equity gains of 19.7% drive funded ratio up 3% to 68%.