CalPERS: Why investments in oil and gas groups are also climate solutions
CalPERS explains why some of its climate solution investments include allocations to oil and gas groups.
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CalPERS board ponders the risks of TPA
CalPERS CIO Stephen Gilmore talks the board through their role in setting the risk parameters behind a Total Portfolio Approach. The investment team hope the board will have selected its level of risk tolerance by November off which a TPA strategy can launch in July 2026.
CalPERS goes big on the green transition
CalPERS, America's largest public pension fund, is more than halfway towards its goal of investing more than $100 billion in climate solutions by 2030, as it aims to grow its sustainable investment team to 20 in the next few months.
The trait that will define ‘the California model’, according to CalPERS
Allocation to climate solutions and the ability to generate alpha from that across asset classes are what will define the future “California model”, according to CalPERS managing director of sustainable investment, Peter Cashion.
Tip of the A-iceberg as investors grapple with the scale of opportunity
An investment theme that incorporates all traditional businesses trying to exploit technology, including AI, is simply too broad. Focusing on AI alone leaves investors exposed to the uncertainty of future developments. In between is an approach that recognises AI as an accelerant to existing trends.
CalPERS mulls tying climate KPIs to incentive pay
CalPERS may tie the incentive pay of its staff to meeting climate KPIs in the near future. The fund's executive pay consultants also discussed other ways the fund should tweak incentive pay like adding an asset class investment performance weighting to the annual incentive formula.
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