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CalPERS’ absolute return mess

Wilshire’s annual review of CalPERS’ internal risk managed absolute return strategies (RMARS) has revealed a number of anomalies compared with its other global equity investments, including an over-reliance on quantitative tools and inadequate staff compensation incentives.
Amanda WhiteSeptember 16, 2009
Sustainability

The “CalPERS effect” on targeted company share prices

CalPERS’ approach to improving portfolio returns by engaging management of poorly performing companies to rethink governance and strategy has had a substantial endorsement, with analysis by Wilshire Associates demonstrating that the fund has had a dramatic effect on the performance of the companies placed on its Focus List.
Amanda WhiteAugust 18, 2009
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