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Investor Profile

CalPERS’ new asset allocation to take on more risk

The largest pension fund in the United States, the $469 billion CalPERS, is in the middle of an asset liability modelling exercise to set a new asset allocation by June 2022. Chief executive Marcie Frost says it’s the most significant decision the board makes with regard to the investment portfolio and that achieving a return target of 6.8 per will require “pushing everyone’s risk appetite”.
Amanda WhiteAugust 24, 2021
Equities

CalPERS reduces equities universe

In the first story of an exclusive series examining investment portfolio innovation at CalPERS, Amanda White looks at the global equities portfolio where the universe of stocks was recently halved.
Amanda WhiteAugust 19, 2021
Sustainability

How CalSTRS took on Exxon

In an unequivocal message to boards that climate inaction could cost them their positions, Exxon shareholders voted this week to replace atleast two of its directors with those that have experience in climate transition. It is a win for CalSTRS which has been vocal in its support of Engine No.1, the activist hedge fund that put forward the alternative directors. The proposal was also supported by CalPERS and New York State Common Retirement Fund.
Amanda WhiteMay 27, 2021
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