Asset Owner Directory

California Public Employees Retirement System (CalPERS)

The California Public Employees’ Retirement System (CalPERS or the System) is the nation’s largest defined benefit public pension fund. Headquartered in Sacramento, CalPERS provides retirement benefit services and health benefit services to membersof state, schools and public employers.

Country

United States

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$467

Performance (%, 1YR)

-6.1

Chief Executive

Marcie Frost

Chief Investment Officer

Dan Bienvenue (Interim)

Chair

Theresa Taylor

Asset allocation

PERF Asset allocation

43% Public Equity

11% Private Equity

25% Fixed Income

16% Real Assets

4% Short-Term Investments

1% Private Debt

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2022. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

InFocus

Tip of the A-iceberg as investors grapple with the scale of opportunity

An investment theme that incorporates all traditional businesses trying to exploit technology, including AI, is simply too broad. Focusing on AI alone leaves investors exposed to the uncertainty of future developments. In between is an approach that recognises AI as an accelerant to existing trends.

Simon HoyleJuly 17, 2024

Investor Profile

CalPERS’ plan to generate alpha from climate investments

CalPERS’ sustainable investment strategy is predicated on a belief it can generate outperformance by investing in climate solutions – with $100 billion to be allocated by 2030. Peter Cashion, managing investment director for sustainable investments tells Amanda White why, and how, it looks for climate alpha opportunities.

Amanda WhiteJuly 16, 2024

Featured Story

CalPERS extols the benefits of co-investment in private equity

A recent board meeting marked progress in turning around the fortunes of CalPERS' private equity portfolio. Large co-investments and reducing the bias to buyout are reshaping the profile of investments, said portfolio manager Anton Orlich.

Sarah RundellJuly 4, 2024

Featured Story

CalPERS mulls tying climate KPIs to incentive pay

CalPERS may tie the incentive pay of its staff to meeting climate KPIs in the near future. The fund's executive pay consultants also discussed other ways the fund should tweak incentive pay like adding an asset class investment performance weighting to the annual incentive formula.

Sarah RundellApril 24, 2024

Governance

CalPERS board set to take back control of discount rate

The CalPERS board is likely to wrestle back control of setting the pension fund’s discount rate, a process that has been done automatically since 2015. Board member David Miller amongst others said this investment rate of return shouldn’t "just happen" as a matter of course, without them stepping in.

Sarah RundellMarch 7, 2024

Organisational Design

Embracing difference: Why investment teams must be cognitively diverse

Tough investment environments, pressure on costs and competition for jobs are creating pressure on investment teams to perform better. And investment professionals need to jettison some antiquated approaches to decision making to keep pace with social norms. Cognitive diversity in teams has been hailed as a saviour.

Simon HoyleFebruary 20, 2024

View more articles

Asset Owner Directory

Fund Name	Country	AUM ($B)	Articles	More Info
Brunel Pension Partnership	United Kingdom	$44	18	View Info
Universities Superannuation Scheme (USS)	United Kingdom	$95	74	View Info
Florida State Board of Administration	United States	$240	22	View Info