CalPERS says consultants could do better
CalPERS is happy with its consultants, except for their performance in recommending ways to control fees and costs and their presentation of new investment ideas, a board rating reveals.
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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.
The power of engagement
It is called the “CalPERS’ Effect” but it could easily be called the asset owner effect, or the institutional investor effect, or the power of engagement effect. Wilshire, which is a consultant to the $300 billion Californian fund CalPERS, has provided an update on its study measuring the effect of engagement on a targeted list of companies called the Focus List.
The spectre of defined-benefit plans
The recent sharp growth in US corporate defined-benefit-plan liabilities, coupled with concerns that interest rates will start to rise from current historical lows, is slowing the push to de-risk plans, Wilshire Consulting’s head of investment research, Steven Foresti says. The latest Wilshire Consulting research into defined-benefit (DB) plans at S&P 500 companies reveals that aggregate
Déjà vu as Wilshire warns CalPERS of ARS portfolio risks
CalPERS’ absolute return strategies program is over-reliant on quantitative tools, inadequately staffed and may be overweight in certain strategies and risks, according to Wilshire’s annual review of the portfolio.
US state funds all dire despite allocations: Wilshire
There is no connection between asset allocation and the funding level of US state retirement systems, according to Wilshire’s 16th annual survey of the funds, which reported a dire funding situation for 99 per cent of plans.
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