CalPERS’ real estate target to oscillate to 10 per cent
CalPERS will change its interim asset allocation targets to accommodate the smooth transition of the real estate portfolio to its long term 10 per cent allocation.
Sort content by
Investors demand higher standards at News Corp
Institutional investors in the United States and Australia have called for governance changes at News Corporation in the wake of the scandal surrounding allegations of phone hacking by News of the World journalists.
California dreamin’ of responsible funding
Relief for Californian state fund investment chiefs, their bosses and their members – with CalSTRS and CalPERS both returning 20+ per cent for the financial year – has been usurped by a reminder to politicians that the funds cannot invest their way to good health and a responsible funding strategy is required.
CalPERS looks for emerging private equity managers
Domestic emerging managers are the latest focus in the private equity portfolio of the $239 billion CalPERS, with the fund searching for a new investment vehicle, most likely a customised fund-of-funds, to invest in partnerships that may be under-capitalised.
What price liquidity?
Two interwoven areas of investment management – liquidity and risk management – have become a boon for academics in the wake of the financial crisis and the liquidity black holes that apparently formed within endowment and pension funds. It may seem to be an overabundance of research, but it’s in line with demand.
Californian funds told to invest in their own backyard
California Treasurer Bill Lockyer (pictured) sent his deputy Steve Coony to a recent CalPERS board meeting to tell the pension fund they needed to do more to invest in their own backyard. Coony shares his views with conexust1f.flywheelstaging.com on how public pension funds can play a greater role in boosting California’s ailing economy.
Uncategorised posts