CalPERS rates reputational risk above investments
Risk to reputation is more important than risk to investments according to a survey of internal staff at CalPERS completed as part of its governance/risk management initiative.
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CalPERS to commit $22bn to private equity
CalPERS is expecting to deploy the $22 billion in unfunded commitments of its alternatives investment management program in the next two to three years, with greater concentration among the best performing managers one of the priorities for 2010.
Investors take credit in Say on Pay reform
Investor action through letters and company dialogue has resulted in more than 40 companies in the US, including Goldman Sachs, State Street, BNY Mellon and Conoco, agreeing to implement Say on Pay reform, according to Timothy Smith, senior vice president, Walden Asset Management who recently coordinated a letter signed by investors including CalPERS chief investment
CalPERS sets investment strategy
The $206 billion California Public Employees’ Retirement System (CalPERS) set its investment strategy roadmap for 2010 at a board offsite last week, as chief investment officer, Joe Dear, attributes strong gains in 2009 to a “sharpened investment focus”.
CalPERS’ new sec lending risk controls
CalPERS has made some significant changes to its securities lending policy document in order to reduce risk and improve counterparty diversification in the portfolio, including a reduction in the maximum exposure to any counterparty, from 30 to 25 per cent of the total program.
CalPERS hires Mercer for compensation review
The $200 billion California Public Employees’ Retirement System (CalPERS) has hired Mercer Consulting review the investment office incentive compensation program, a design set up in 1997 under the guidance of the board’s compensation consultant Watson Wyatt.
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