Search for California Public Employees' Retirement System and
    1. July 24, 2016

      Pension schemes stay loyal to hedge funds

      Almost two years have passed since the largest public pension fund in the US, the California Pension Employees’...

    2. July 17, 2016

      The week: July 18

      • BlackRock chief executive Larry Fink has warned that the UK’s decision to leave the EU would trigger a recession for...

    1. Fast FT

      July 14, 2016

      US's largest pension fund gets new CEO

      Calpers, the California public employees pension fund, has appointed Marcie Frost to be its next chief executive,...

    2. May 24, 2016

      Calpers raises heat on Exxon over climate

      Calpers, the largest US state pension fund, is pushing for greater access to the board of ExxonMobil as it seeks to...

    3. May 24, 2016

      Hedge funds: Overpriced, underperforming

      It was the shot heard around the hedge fund world. After the New York City Employees’ Retirement System decided to cash...

    4. May 23, 2016

      Axa’s decision to quit tobacco is not as pure as it looks

      Hey, Axa, what took you so long? The famous British Medical Journal report showing links between smoking and lung...

    5. May 23, 2016

      Axa to ditch its €1.7bn investments in tobacco shares and bonds

      Axa is to ditch its tobacco investments, arguing that owning them clashes with its position as a health insurer. The...

    6. May 16, 2016

      Companies listen when Norway’s oil fund shouts

      When the quiet one in the room suddenly shouts, people tend to listen. On that basis, the reserved and thoughtful...

    7. April 24, 2016

      Pension funds review tobacco divestment

      Just 15 years ago, the tobacco industry was considered to be in terminal decline, given its exposure to...

    8. April 17, 2016

      Dumping tobacco cost Norwegian oil fund $1.9bn

      The Norwegian oil fund’s decision to dump tobacco companies has cost the world’s largest sovereign wealth fund $1.9bn...

    9. April 12, 2016

      Exxon faces calls for climate change ‘stress test’

      Dozens of investors are backing the call for ExxonMobil, the US oil group, to “stress test” the potential impact on its...

    10. April 3, 2016

      Movers & shakers: April 4

      • Alaska Permanent Fund Corporation has appointed Russell Read as chief investment officer. Mr Read, who will join the...

    11. January 24, 2016

      The week: January 25

      • The new head of South Korea’s $84.7bn sovereign wealth fund has promised a radical overhaul of the fund’s investment...

    12. December 20, 2015

      Hedge funds and institutional investors — one unhappy marriage

      Hedge funds may not have done so well for their external investors in recent years. But some have been doing rather...

    13. December 13, 2015

      $20bn cost of hidden private equity fees

      Private equity managers have extracted at least $20bn in hidden fees from clients over the past two decades, boosting...

    14. December 6, 2015

      Calstrs under pressure to reveal private equity fees

      Calstrs, the second-largest US public pension plan, is under growing pressure to end its silence regarding unreported...

    15. November 29, 2015

      UK Railpen pension scheme culls hedge funds

      One of the UK’s largest pension schemes has ditched all but two of its external hedge funds in the latest sign of...

    16. November 24, 2015

      Calpers reveals it has paid $3.4bn in PE fees over 25 years

      Calpers, the largest US public pension plan, said on Tuesday that it had paid $3.4bn in performance fees to private...

    17. November 15, 2015

      Investors seek ethical benchmarks

      With the Paris climate talks just days away with the aim of reaching a radical deal between countries to curb their...

    18. September 6, 2015

      Calpers’ support of private equity ‘propaganda’ slammed

      A board member of the largest US pension fund has written a scathing letter to its chief executive, criticising her for...

    19. September 3, 2015

      PE funds trade body in push to standardise fees reporting

      Investors should be uniformly tracking every dollar they pay to private equity funds, an industry group representing...

    20. September 3, 2015

      Bankers and boards: checks and imbalances

      US banks have a reputation for being tricky things — big and complicated enough to blow up the world economy. Their...

    21. August 9, 2015

      An outburst of outrage about private equity fees

      It turns out the biggest US pension funds, which have large allocations to private equity, have no idea what profits...

    22. August 2, 2015

      Calpers’ $5bn private equity bill

      The largest US public pension scheme did not disclose payments of at least $5bn to private equity managers over a...

    23. July 26, 2015

      Simmering revolt against US private equity secrecy

      Pressure is building on US regulators to remove some of the secrecy surrounding private equity contracts amid growing...

    24. July 22, 2015

      US calls for clarity on private equity fees

      Pressure is building on US regulators to improve fee and expenses reporting standards across the private equity...

    25. July 19, 2015

      Calstrs: US private equity woes deepen

      The second-largest US public pension fund has admitted it has failed to record total payments made to its private...

    26. July 12, 2015

      Appetite for hedge funds remains strong

      When Calpers, the largest US public pension fund, talks, everyone with an interest in institutional asset management...

    27. July 12, 2015

      Calpers’ private equity problems pile up

      One of California’s most senior elected officials has voiced “great concern” at Calpers’ worrying admission that...

    28. June 10, 2015

      GE Capital / CPPIB: stuck on you

      Has the love between pension funds and private equity worn thin? Typically pension funds allocate a chunk of employee...

    29. June 7, 2015

      Hedge funds remain a popular choice for institutional investors

      The popularity of hedge funds among large institutional investors shows no sign of abating despite widespread...

    30. May 31, 2015

      Is fossil fuel engagement all talk and no action?

      “Where’s your evidence?” The divestment campaigners who say asset owners should sell out of all fossil fuel companies...

    31. May 26, 2015

      Calpers and Calstrs urge G7 to back emissions goal

      The chief executives of US public pension giants, Calpers and Calstrs, have taken the unusual step of urging G7 finance...

    32. FT Alphaville

      May 19, 2015

      Is Calpers missing the forest for the trees?

      The California Public Employees’ Retirement System, which manages more than $300bn on behalf of current and future...

    33. May 18, 2015

      Why multi-boutiques are so on-trend

      It is the fastest-growing asset manager you’ve probably never heard of. Affiliated Managers Group, with some $638bn of...

    34. May 7, 2015

      Squeeze on water hits global food and drink groups

      Drought and other water supply problems are taking a financial toll on some of the world’s biggest food and drinks...

    35. May 3, 2015

      Fossil fuel divestment gathers momentum

      More than 10,000 people have signed a petition calling on ABP, the $360bn Dutch pension fund, to drop its holdings of...

    36. April 28, 2015

      BlackRock at odds with its investors over shareholder rights

      BlackRock, the world’s largest asset manager, is pressing companies in its portfolio to give their shareholders a right...

    37. April 20, 2015

      Investors fight for greater say on boards

      A campaign to win shareholders a greater say over who sits on corporate boards has exposed a rift between some of the...

    38. March 29, 2015

      Institutional money keeps rolling in to hedge funds

      Large investors remain as keen as ever to pump money into hedge funds, despite widespread speculation that the tide is...

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