CalPERS Global Equity Program Gets a ‘B’
It was a much better grade than the CalPERS Investment Office, which got a ‘D’ because of turnover in senior management.
It was a much better grade than the CalPERS Investment Office, which got a ‘D’ because of turnover in senior management.
Wilshire Consulting’s managing director calls the month’s 1.9 percentage point dip the ‘largest pull back’ since June 2016.
Shortfalls decline by $22.7 billion from 2016.
Although liabilities climb, shortfalls shrink by $58 billion.
Ratio rises to its highest level in more than four years.
Funded status up nearly 5% from November 2016.
The $31 billion fund sheds light on its new three-phase search for investment management firms.
Longest streak of gains in more than 30 years, firm says.
Despite a 0.9% decrease, plans up 7.3% in past 12 months.
Funded ratio sees first increase since March.
Funded ratio is still up 7.6% YTD, according to Wilshire.
Latest data shows funding ratios drop below 70% since 2010, posting two consecutive years of 4% losses.
The global advisory company points to an increase in liability values to explain May’s -0.2% fall.