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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 to nearly 2.1 million members and health benefit services to over 1.5 million covered lives for state, school, and public employers.

Country

United States

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

$439

Performance (%, 1YR)

-6.1

Chief Executive

Marcie Frost

Chief Investment Officer

Michael Cohen

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

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CalPERS weighs incentives and benchmarks in battle for talent

As US public pension funds struggle to fill investment positions CalPERS' performance, compensation and talent management board committee meeting discussed compensation incentives and benchmarks, including a plan to introduce an annual incentive plan that focuses on total fund results for incentive eligible positions.
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