California Public Employees' Retirement System related stories
All articles and analysis
Villalobos ‘refusing’ to talk in CalPERS probeThe placement agent has denied he 'gave, accepted and failed to disclose gifts' to senior pension executives.
- CalPERS scandal sidelines well liked PE chief
Leon Shahinian, the 12-year pension veteran described as ‘honest’, has been placed on leave amid a burgeoning pension scandal in California.
- California AG sues former CalPERS officials
Placement agent Alfred Villalobos is facing a civil suit, while the head of the pension’s alternatives programme has been placed on leave.
- CalSTRS to focus on ‘top performers’
The US’ second largest public pension fund says it could cut the number of fund managers it works with as market conditions prompt it to review investment relationships. The pension says it will focus on those who ‘outperform in difficult markets.’
- CalSTRS hires first infra exec, readies ‘first deals’
Diloshini Seneviratne, a senior investment officer on CalSTRS' private equity team, will lead the $133bn pension's foray into infrastructure. CIO Chris Ailman told PEI the private equity 2-and-20 model doesn't make sense for infrastructure.
- Apollo to lower fees charged to CalPERS by $125m
The firm and the pension have forged a ‘strategic relationship' in which fees will decrease on funds Apollo manages 'solely' for CalPERS.
- Pennsylvania pension adds voice to Permira protest
Pennsylvania State Employees’ Retirement System, a Permira LP, has expressed ‘serious concerns’ about the firm’s planned closure of a Hugo Boss plant in Ohio.
- LPs flex their muscles
This week, when LPs – particularly the California Public Employees’ Retirement Systen – had something to say, GPs listened.
- Collaboration = collusion?
If reports that several private equity firms have retained counsel to look into anti-trust issues related to the ILPA guidelines are true, it would seem that GPs are trying to pull the pendulum back in their direction.
- Blackstone battles placement agent rule in California
The mega-firm has hired a lobbyist to advocate against a proposed California law that would end payments to placement agents for successful fundraisings.