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.

United States

$563

11.60

Marcie Frost

Stephen Gilmore

Theresa Taylor

Based on Public Employees' Retirement Fund

38.9% Public Equity

17.7% Private Equity

30.3% Fixed Income

13.1% Real Assets

3.8% Private Debt

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website

Uncategorised posts

What is the future of hedge funds at CalPERS?

A rigorous debate between staff, consultant and investment committee has resulted in the $224-billion CalPERS deciding to fund an allocation to hedge funds from its global equities allocation, using futures to neutralise the policy allocation, rather than have a separate strategic asset class. But the strategy is on watch, and will be reviewed mid-next year.mrec4

Amanda White

September 21, 2011

Uncategorised posts

Equity risk still dominates CalPERS portfolio

CalPERS’ 52 per cent asset allocation to global equities accounts for 69 per cent of its total risk allocation, according to the fund’s risk management update to the end of June.mrec4

Amanda White

September 14, 2011

Uncategorised posts

Investment decision-makers at world’s largest funds to gather in Beijing

Dr Fan Gang, a member of the Chinese Government’s monetary policy committee, Professor Lasse Pedersen, member of the liquidity working group at the Reserve Bank, and Harvey Toor, chief risk officer of the Abu Dhabi Investment Council, are among the keynote presenters at conexust1f.flywheelstaging.com's inaugural symposium exclusively for investors. To access the program click here

Amanda White

September 14, 2011

Uncategorised posts

Defined benefit still dominates largest funds

Defined benefit funds still dominate the structure of the largest 300 pension funds globally, and this troop of large funds now make up almost half of all pension assets around the world.mrec4

Amanda White

September 07, 2011

Investor Profile

CalPERS steps up ESG drive

After an extensive review and high-level workshop earlier this month the CalPERS’ investment team will seek board approval in December for a total-fund plan to more fully integrate environmental, social and corporate governance principles into all the investment decisions it makes in each of its asset class. mrec4

SAM RILEY

August 24, 2011

Uncategorised posts

CalPERS looks to bolster ESG integration

CalPERS has instigated an extensive review of its environmental, social and governance policies and practices and its move towards fuller integration of ESG factors into its investment decision-making which will include an overhaul of its procurement policies for external managers.mrec4

SAM RILEY

August 17, 2011

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California Public Employees Retirement System (CalPERS)

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Asset allocation

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Massachusetts PRIM

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California Public Employees Retirement System (CalPERS)

Country

AUM

Performance (%, 1YR)

Chief Executive

Chief Investment Officer

Chair

Asset allocation

Asset Owner Directory

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