California Public Employees' Retirement System related stories
All articles and analysis
CalPERS hires portfolio managerRandall Mullan will spearhead the $223bn pension fund’s infrastructure investment programme starting 14 October. His hiring is complemented by the promotion of Dan Bienvenue to senior portfolio manager in the fund’s global equity division.
- CalPERS commits $600m to Carlyle funds
Confronting an increasingly overweighted private equity portfolio, CalPERS has made $920m in commitments to four private equity funds. Last week, fellow pension giant CalSTRS addressed the denominator effect while disclosing more than $1bn in fresh commitments.
- Ailman: Debt funds pose LP dilemma
Institutional investors are ramping up their commitments to distressed debt funds, but which asset class they fit into becomes complex when those commitments end up in credit vehicles raised by traditional buyout firms, according to CalSTRS CIO Chris Ailman.
- CalPERS sets infrastructure allocation
The US’s largest public pension fund aims to invest 3 percent of its portfolio, or roughly $8.3bn, in infrastructure over the next two years.
- CalPERS commits $1.7bn across eight funds
CVC Capital Partners’ latest buyout fund leads the pack with a €500m commitment from the public pension giant.
- Carlyle-backed hedge fund to liquidate
Just months after its Euronext-traded Carlyle Capital fund folded, the private equity firm is shutting down an affiliated hedge fund. It backed away from its previous hedge fund strategy, a fund of hedge funds, in 2003.
- CalPERS battles ‘denominator effect’
The $234.2bn pension is mulling a possible change to its private equity allocation, as the twin forces of sinking assets under management and shrinking distributions have combined for an overweighted alternatives exposure.
- Private equity silver lining on CalPERS’ dreary year
The influential limited partner incurred an overall loss of 2.4 percent on its investments for the 2007-2008 fiscal year, but saw its private equity portfolio lead all allocations with a 19.6 percent return.
- Conversus taps liquidity provider
The quoted fund of funds, backed by Bank of America and Oak Hill, has engaged ABN AMRO to issue a continuous quote on its shares. It is the second time the bank has provided the Euronext-traded fund with liquidity.
- CalSTRS reports loss despite 11.6 percent gain from PE
The second largest US pension suffered a 3.7 percent decline in its overall investment portfolio, its first negative return in six years.