California Public Employees' Retirement System related stories
All articles and analysis
CalPERS backs Volcker RuleSenior portfolio manager Anne Simpson voiced CalPERS’ support for the rule, which limits banks’ ability to participate in private equity.
- Indiana pension seeks manager for in-state fund
The $25.6bn pension is expected to select a single manager to run a $150m customised account focused on Indiana by the end of October.
- Kansas commits $50m to GSO
Kansas has committed $50m to GSO Capital Solutions Fund II, which will target rescue lending opportunities.
- Minnesota re-ups $450m to PE
Minnesota’s Board of Investments granted three re-ups to private equity at its meeting Wednesday, which included commitments to Advent, Silver Lake and CarVal Investments.
- CalPERS defends record on emerging managers
CalPERS’ job is not to ‘make managers happy’, CIO Joseph Dear said at a recent hearing, while defending the system’s commitment to emerging managers.
- CalPERS severs ties with Centinela
Centinela Capital, which has run the system’s domestic emerging managers programme since 2006, has been removed from management of the portfolio by CalPERS. Credit Suisse will take over the programme.
- CalPERS fills out senior private equity roles
The system has promoted Scott Jacobsen to a senior portfolio manager position in the private equity group, filling all senior level vacancies left after the departures of Joncarlo Mark and Mike Dutton last year.
- Study: Diverse firms outperform the industry
A study published by a trade group representing minority and women-led firms reveals that firms which have greater diversity amongst their staff have produced superior returns than their rivals since 1998.
- California politicians reschedule emerging manager hearing
A follow-up hearing on CalPERS’ and CalSTRS’ efforts around emerging manager programmes that will be led by California State Senators Curren Price and Gloria Negrete McLeod has been rescheduled for January, 2013.
- CalPERS’ emerging manager problem
CalPERS’ apparent move to reduce its support for emerging managers has got the massive pension system into some political hot water.