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CalPERS reviews consultant requirements as it goes to tender

CalPERS has expanded the scope of services required by its primary pension consultant, including the provision of more strategic advice and better communication between board and staff, as part of an RFP for a general consultant to be released in December. The contract with Wilshire Associates, the fund’s consultant since 1983, is due to expire […]
Amanda WhiteNovember 18, 2009
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P8 told to cut developing world’s carbon

Gareth Thomas, Minister of State with the Department for International Development in the United Kingdom, has urged pension funds to help boost private funding for low carbon investments in the developing world, calling on the group of investors at the P8 Summit to consider potential public financing mechanisms emerging from the private sector, including advanced […]
Amanda WhiteNovember 4, 2009
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Joe Dear warns of “reform facade”

Chief investment officer of CalPERS, and chair of the Council of Institutional Investors, Joe Dear, has warned of a “reform facade” as memories of the crisis fade and resistance to reform instensifies, calling for a more comprehensive regulatory umbrella, and specifically for most over the counter derivatives to be traded on exchanges, in a speech […]
Amanda WhiteNovember 3, 2009
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CalPERS’ absolute return mess

Wilshire’s annual review of CalPERS’ internal risk managed absolute return strategies (RMARS) has revealed a number of anomalies compared with its other global equity investments, including an over-reliance on quantitative tools and inadequate staff compensation incentives.
Amanda WhiteSeptember 16, 2009
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