CalPERS aligns performance pay with new allocation strategy
CalPERS is set to change its benchmarks for measuring performance compensation for senior investment staff so they are consistent with recent changes to its strategic asset allocation.
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The case for a new look at global benchmarks
Indexes are important for pension funds. They benchmark the fund’s performance against goals and peers. They allow the fund’s managers to be measured and often times they decide the managers’ remuneration. You would think, then, that there must be a lot of science behind their use.
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