Setting a new asset allocation is one thing, implementing it is another thing altogether. CalPERS expects to have its new asset allocation implementation policies completed by the beginning of July, so head of asset allocation, Farouki Majeed, discusses the challenge.
As Sudan divides into north and south, CalPERS and other UN PRI funds are divesting shares in public companies in that country, while at the same time warning on the fragile peace and the precarious economy.
CalPERS has hit out at a report calling for radical change in the way California public sector pension benefits are calculated, describing the authors’ methodology as flawed and ideologically slanted.
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.
A report into Californian pension funds calls for administrators and government to radically redraw how they calculate benefits to members to cut government contributions and address a looming funding crisis.
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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