CalPERS manages outsized equity risk
The $335 billion California Public Employees' Retirement System warned this week that it is greatly exposed to a downturn in global equity markets, as it prepares to monitor active risk closely.
CalPERS manages outsized equity risk
The $335 billion California Public Employees' Retirement System warned this week that it is greatly exposed to a downturn in global equity markets, as it prepares to monitor active risk closely.
Sort content by
CalPERS seeks ideal pay formula
The $350 billion CalPERS is under time pressure to find the right formula on compensation - competitive but not an incentive for excessive risk - as key investment roles remain vacant.
CalPERS sees opening in VC
California Public Employees’ Retirement System CIO Ted Eliopoulos revealed in an interview that the pension giant sees ‘an opening’ caused by private companies taking longer to list.
CalPERS examines adopting SDGs
The $357 billion pension plan will examine aligning its portfolio with the UN’s SDGs, which would give the fund’s ESG engagement a more keen focus on social objectives such as ending poverty.
CalPERS mulls leverage
The board of the United States’ largest pension fund calls in the experts as it considers applying leverage in its portfolio, part of efforts to improve a 68 per cent liability-funding ratio.
Costs cast increasing doubt over hedge fund relevance
The inability to scale hedge fund exposures and risks, has led many large investors, like CalPERS this week and ATP last year, to exit their hedge fund programs. Complexity continues to be a drain on the relevancy of hedge funds, but importantly cost is driving the agendas of these investors. As AQR’s Cliff Asness admits,
Asset Classes