California Public Employees' Retirement System related stories
All articles and analysis
Private equity surges at US pensionsPrivate equity returns for FY 2011 at some of the largest pensions in the US have contributed to record high overall performance figures.
- CalPERS seeks emerging manager partnerships
The $239bn pension system has put out a ‘request for information’ for a manager to run an investment vehicle targeting emerging private equity managers.
- CalPERS: Manager concentration pays
The pension system, with $237bn in assets, has worked to reduce its number of manager relationships and appears ready to continue the process.
- Hot secondaries market a legal minefield for GPs
A wave of incoming regulations is helping fuel activity in the secondaries market, which for some GPs means big compliance headaches.
- LACERS ditches investment consultant
The $9bn Los Angeles pension fund is planning to transfer ‘specialised alternative investment consultant services’ from PCA to its traditional investment consultant, Hamilton Lane.
- LPs have compliance headaches too
Private equity managers aren’t the only ones grappling with risk management and compliance pressures. Investors face many of the same challenges, writes Jenna Gottlieb.
- CalPERS at centre of ethics probe
A California ethics board is once again investigating the $237bn public pension – this time over allegations investment staff failed to properly report gifts as required by state law.
- CalPERS hires former CalSTRS private equity head
Réal Désrochers has left a CIO post for a Saudi-backed investment arm to head CalPERS' private equity programme, which has recently been the subject of state ethics probes.
- CalPERS to adopt new consultant policy
The $236bn pension is planning to ban investment consultants from also acting as managers for the pension fund.
- Rhode Island hires Cliffwater for private equity
Pacific Corporate Group Asset Management formerly worked as the private equity consultant for the $7.9bn Rhode Island Public Employees' Retirement System.