The California Public Employees' Retirement System (CalPERS) is the largest public pension fund in the United States, with approximately $444 billion in assets as at January, 2021. It provides retirement benefits to state, public school, and local public agency employees, retirees, and their families.
A detailed analysis of the largest 100 asset owner CIOs, plus a wishlist of characteristics and skills of the right candidate were front and centre of the latest CalPERS board meeting as the fund still searches for a permanent CIO.
Sarah RundellJuly 22, 2021
CEOs are accustomed to stretch targets and reward outcomes, not efforts says TIAA’s Thasunda Brown Duckett, the same principals should be applied in the DEI space. She was speaking alongside CIOs from CalPERS and CalSTRS at a diversity forum co-hosted by the funds.
Stewart HawkinsJune 29, 2021
More investors around the world are looking at how to invest with a diversity lens. Amanda White examines how investors in Japan, Sweden, the US and Canada are addressing the diversity question as part of their internal organisation and in their investments and the managers they work with.
Amanda WhiteJune 24, 2021
The CEO of CalPERS Marcie Frost has a big year ahead. Not only is the fund still searching for a CIO, but it will also conduct its four-yearly asset liability study this year. Frost speaks to Amanda White about the challenges of the top job at the largest fund in the US and how she works to make sure the “real story” of CalPERS gets told.
The CalPERS board will make a decision next week on whether to include a long-term incentive compensation element as part of an incoming CIO’s remuneration package, something that the fund's chief executive, Marcie Frost, said is a contributing factor to the fund putting its search for a new investment head on hold.
Amanda WhiteApril 16, 2021
The Global Pension Transparency Benchmark revealed the need for much improved transparency among pension fund public disclosures across the globe. But there were some notable best practice examples among pension funds globally. So who were they?
Amanda WhiteFebruary 18, 2021