CalPERS

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US plays catch-up, institutions applaud “say on pay” reforms

Institutional investors in the US, including the largest pension fund in the country, CalPERS, have applauded the introduction of the Shareholder Bill of Rights which includes reform to allow long-term investors to nominate their own director candidates on the management proxy card.

Amanda WhiteMay 20, 2009

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CalPERS formally adopts placement agency policy…

CalPERS has officially adopted a placement agent policy, in light of recent pay-to-play allegations at other public funds, and introduced an investment policy for leverage, as its total fund value increased to $177.5 billion as at April 23, up from $169.4 billion at the end of March.

Amanda WhiteMay 12, 2009

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ICGN appoints Rosen to ex dir as Simpson departs to CalPERS

The International Corporate Governance Council (ICGN) has appointed Carl Rosen, head of corporate governance at the Second Swedish National Pension Fund (AP2), as its new executive director replacing Anne Simpson who will join CalPERS as senior portfolio manager for corporate governance this month.

Amanda WhiteMay 5, 2009

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Volatility sparks complete risk management review at CalPERS

Turmoil in financial markets and the need for greater transparency has triggered a review of the $174 billion CalPERS’ existing governance and risk management framework, with a new ad hoc committee tasked with reviewing the risk management framework across the entire business.

Amanda WhiteApril 15, 2009

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Should hedge funds delay taking performance fees?

The US$173 billion California Public Employees’ Retirement System (CalPERS) is restructuring the relationships it has with its hedge fund managers and calling for fees to be based on long-term rather than short-term performance. CalPERS said performance fees should be judged on a long-term basis, and mechanisms such as delayed realisations and clawbacks can better align […]

STAFF WRITERMarch 31, 2009

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CalPERS flooded with consultant RFPs after changes to wish-list

CalPERS has received 17 applications in response to its RFP for a general pension consultant services spring-fed pool – four times the applications of its last review – and will select consultants during its April 20 investment committee meeting.

Amanda WhiteFebruary 18, 2009

Uncategorised posts

US plays catch-up, institutions applaud “say on pay” reforms

Uncategorised posts

CalPERS formally adopts placement agency policy…

Uncategorised posts

ICGN appoints Rosen to ex dir as Simpson departs to CalPERS

Uncategorised posts

Volatility sparks complete risk management review at CalPERS

Uncategorised posts

Should hedge funds delay taking performance fees?

Uncategorised posts

CalPERS flooded with consultant RFPs after changes to wish-list

California Public Employees Retirement System (CalPERS)

ABP/APG Asset Management

California State Teachers Retirement System (CalSTRS)

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