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Californian funds look through 3D to diversify boards

The two large Californian public funds, CalPERS and CalSTRS, recently collaborated to help develop a new digital resource dedicated to finding untapped diverse talent to serve on corporate boards. Director of corporate governance at CalSTRS, Anne Sheehan (pictured), discusses the need for such a resource, and why collaboration is such a key component of corporate […]
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CalPERS commits to defined benefit

A set of 12 federal legislative policy priorities adopted by the board of CalPERS underpins the fund’s commitment to preserving defined benefit plans, and positions the fund firmly in the defined benefit camp in the debate over pension design.
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CalPERS sets up new benchmarks

In the first move to implement the new strategic asset allocation approved in December, CalPERS has introduced a raft of new benchmarks including composite benchmarks for the new asset classes of growth, real and liquidity created under the restructure.
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Placement agents reject Californian reform

The institutional pull of CalPERS and CalSTRS is not enough for placement agents to change their practices, with a study of global placement agents revealing discontent over new legislation which requires them to register as lobbyists if they are working with public pension funds in California.
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