An investment-beliefs workshop for the CalPERS board, held in April, revealed five areas, including active management, where the views of the board and staff lacked consensus. The contentious, or unsettled, topics for discussion were active management, private asset classes, sustainability (environmental, social and governance), investment performance targets and stakeholder considerations. At the board workshop, Janine […]
Amanda WhiteMay 10, 2013
CalPERS is set to change its benchmarks for measuring performance compensation for senior investment staff so they are consistent with recent changes to its strategic asset allocation.
SAM RILEYMay 11, 2011
It’s not until you’re actually in the country that the real depth of the funding problem in US state pension plans becomes clear, as does the truly arduous environments that the investment professionals at those funds are operating within.
Amanda WhiteApril 20, 2011
CalPERS will standardise the process by which it selects investment partners as part of the investment office’s roadmap for 2011-2012 which includes six strategic priorities including the new categories of talent management and investment performance.
Amanda WhiteFebruary 16, 2011
A desire to hedge the portfolio against extreme market risks and rising inflation, has resulted in the $220 billion CalPERS departing from its traditional asset allocation after a year-long review, and introducing the allocation of assets according to five broad groups.
Amanda WhiteDecember 22, 2010
The fund has embarked on an asset allocation review that is more like a total engine makeover, one of the most important activities in the fund's history.
Amanda WhiteJune 23, 2010
CalPERS’ remaining board meetings for the year, in May, July and September, will be open to the public as the fund deliberates a full asset-liability assessment, culminating in a potential change to the benchmark rate of return in December.
Amanda WhiteApril 14, 2010