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 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

Nicole Musicco

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

FIS Stanford 2023

Asset owners need organisational prowess to take advantage of distress

The market has already entered the early stages of a multi-year restructuring cycle that will present many opportunities for credit providers. Researchers and investors from GIC, CalPERS and IMCO recommend some organisational changes that will ensure asset owners can make the most of those opportunities.

Amanda WhiteOctober 4, 2023

Equities

CalPERS reviews factor allocation

As CalPERS navigates more change at the top following Nicole Musicco decision to leave, the investment committee ploughs on with an annual review of the public equity portfolio where discussions focus on the factor weighted strategy and engagement on executive pay.

Sarah RundellOctober 3, 2023

Global Pension Transparency Benchmark

GPTB 2023: The funds that excelled

The highest scoring funds overall in the 2023 Global Pension Transparency Benchmark were also among the biggest improvers. Both Norway’s Government Pension Fund Global and AustralianSuper increased their scores by 14 points and were the biggest improvers in the top 10. Others included CDPQ, CalPERS, and PFZW.

Amanda WhiteJuly 18, 2023

Featured Story

CalPERS eyes the alpha opportunities in the green transition

The most compelling alpha opportunities in the transition come from investors buying assets in high emitting sectors and help them green. Brookfield Asset Management's Mark Carney, guest speaker at a recent CalPERS investment committee meeting, lays out the opportunity

Sarah RundellJune 27, 2023

Investor Profile

CalPERS’ 2030 strategy centred on private market build

Private markets are the cornerstone of CalPERS’ 2030 goal and strategic destination which will include building capabilities inhouse for direct investing. A number of new appointments, including Daniel Booth and Anton Orlich, have boosted the skills in the team. Amanda White spoke to CIO Nicole Musicco.

Amanda WhiteMay 9, 2023

Investor Profile

CalPERS’ leadership trio on culture, mission and responsibility

CalPERS stands out among its global peers with three women leading the organisation as chair, CEO and CIO. Amanda White spent time (on zoom) with the group to find out what drives the leadership team and how collaboration and a shared mission are creating an innovative investment culture.

Amanda WhiteMay 4, 2023

View more articles

Asset Owner Directory

Fund Name	Country	AUM ($B)	Articles	More Info
ABP/APG Asset Management	Netherlands	$584	136	View Info
Government of Singapore Investment Corporation (GIC)	Singapore		30	View Info
Investment Management Corporation of Ontario (IMCO)	Canada	$56	18	View Info