California Public Employees' Retirement System related stories
All articles and analysis
Illinois Universities invests $120m in ‘toxic assets’The US pension is the latest to join the government’s programme meant to jumpstart the credit markets, which CalPERS has said it will not join.
- CalPERS’ president backs tough rules on placement agents
Treating placement agents as lobbyists under California law would impose the proper limitations on the practice, CalPERS’ president Rob Feckner wrote in a letter to the pension’s board.
- ILPA guidelines: the industry responds
Private Equity Manager sought out feedback from several different private equity players with regard to 'Private Equity Principles' just released by the Institutional Limited Partners Association. The LP-friendly suggested partnership terms are seen by some non-LPs as less than perfect.
- Shaping perceptions
Christopher Witkowsky on the importance of a recent (and unusual) CalPERS rebuttal to a Reuters story.
- Back in Black: Apollo fund values surge
In a letter to LPs, firm founder Leon Black revealed that several funds are now reporting positive or flat unrealised performances after dramatic write-downs earlier this year.
- Pension access
Apollo Global Management hired people in California and North Carolina specifically to influence local pension investment decisions.
- CalPERS expands infrastructure team
The $200bn pension’s senior portfolio manager for infrastructure now has two additional portfolio managers under him, Christine Yokan and Todd Lapenna.
- Ex-CalPERS board member latest focus in play-to-play scandal
CalPERS is investigating $50m in fees paid to a company run by former board member Alfred Villalobos. The pension's CEO Anne Stausboll said a full review of all fees ever paid is 'prudent'.
- Turning on the money machine
US pensions are looking to educate themselves about infrastructure asset managers – the best sign yet that they may yet follow Australian superannuation funds in fueling the growth of the asset class in a big way.
- CalSTRS allocates 5% to inflation-linked assets
The $119bn pension’s new ‘absolute return’ asset class will include infrastructure investments and could lead to a search for a manager to run the investment programme. The move is part of a wider asset allocation shift to be unveiled at its August meeting after CalSTRS saw its portfolio value tumble 25 percent over the last year.