Asset owners must flex muscle: panel
Representatives from CalPERS and Cbus Super joined academics in challenging large investors to do more for sustainable finance and outlining some practical ways to achieve this goal.
Representatives from CalPERS and Cbus Super joined academics in challenging large investors to do more for sustainable finance and outlining some practical ways to achieve this goal.
CalPERS’ board has named Meketa its new infrastructure consultant, citing its high ratings and setting aside investment office calls to have a single adviser for infrastructure and real estate.
CalPERS is happy with its consultants, except for their performance in recommending ways to control fees and costs and their presentation of new investment ideas, a board rating reveals.
CalPERS has expanded its tracking of strategic metrics in its ongoing review of performance, which could lead to some tough queries making their way into online recordings of board sessions.
The board of the United States’ largest pension fund calls in the experts as it considers applying leverage in its portfolio, part of efforts to improve a 68 per cent liability-funding ratio.
CalPERS has set its latest four-yearly capital market assumptions, that feed its strategic asset allocation. The $323 billion fund expects lower returns and more volatility.
FIS MIT 2017