How CPP Investments uses leverage: Lessons for CalPERS
The CIO of Canada Pension Plan Investments, Edwin Cass, shares insights on the benefits of leverage, the impact on liquidity and the governance structures for success.
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CalPERS’ chair leaves legacy of responsibility
Henry Jones, who will resign as president of the CalPERS board on January 21, leaves behind a new mindset at the fund of tackling big systemic issues including sustainability and racism.
Portfolios of the future focus on risk management
Being ready for anything, a focus on risk management, using more leverage and opportunities in technology are key characteristics of the portfolio of the future according to investors who spoke at the Fiduciary Investors Symposium recently.
CalPERS gets ready to settle discount rate and SAA
At US pension fund CalPERS' board meeting next week, the investment team hope to settle on a new discount rate and begin structuring a strategic asset allocation to support it. Leverage will be a key component of the fund's new approach.
Why transparency is important for CalPERS
Anne Simpson, managing investment director, board governance and sustainability tells Amanda White why transparency is so important at CalPERS and what the fund is doing to improve it.
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”.
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