CalPERS

Uncategorised posts

CalPERS renovates real estate portfolio

CalPERS will separate its real estate assets into legacy and new portfolios, as part of a new strategic plan for the asset class that more accurately reflects its evolved role as a result of the fund’s recent asset liability study.

Amanda WhiteFebruary 9, 2011

Uncategorised posts

Corporate governance program victim of new allocation model at CalPERS

CalPERS’ outperforming internal corporate governance investments program will be challenged by the fund’s new capital allocation model, according to a review of the program by consultant Wilshire.

Amanda WhiteJanuary 12, 2011

Asset Allocation

Behind CalPERS’ alternative asset allocation decision

A desire to hedge the portfolio against extreme market risks and rising inflation, has resulted in the $220 billion CalPERS departing from its traditional asset allocation after a year-long review, and introducing the allocation of assets according to five broad groups.

Amanda WhiteDecember 22, 2010

Uncategorised posts

CalPERS’ redesign creates CFO role

CalPERS will introduce a new leadership organisation design next year, which includes for the first time a dedicated chief financial officer function coordinating all corporate finance functions including cash flow.

Amanda WhiteNovember 24, 2010

Uncategorised posts

Why politics and pension fund management don’t mix

Thomas P DiNapoli was given a little scare in the recent US mid-term elections but, in the end, was returned fairly comfortably to his position of New York State Comptroller and sole trustee of the New York State pension fund. What happens next, though, may be more interesting.

GREG BRIGHTNovember 24, 2010

Uncategorised posts

CalPERS rehires external FI managers despite preference for insourcing

CalPERS’ investment staff, and its consultant Wilshire, are recommending the board re-hire the fund’s external fixed-income managers which represent 9 per cent of the $50 billion fixed-income portfolio, despite the long-term strategy of a preference for insourcing.

Amanda WhiteNovember 10, 2010

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