Search for California Public Employees' Retirement System and
    1. November 17, 2014

      Pension funds to flock to riskier investments

      Pension fund managers around the world are preparing to invest in riskier assets such as hedge funds and private equity...

    2. October 26, 2014

      US institutions’ devotion to hedge funds wanes

      Fewer than one in five US institutional investors believe hedge fund managers and private equity firms are worth the fees...

    Special Reports

    1. The FT’s Year in Finance

      These specially selected articles, originally published in the FT this year, show a ch...
    Search more Special Reports on this topic.

    1. October 3, 2014

      Eureka! I discovered how funds are named

      Last month Calpers, the California Public Employees’ Retirement Scheme, one of the world’s largest pension funds, announced...

    2. October 2, 2014

      Pimco: ‘Bonds are meant to be boring’

      The portfolio managers and traders at Pimco had a name for the public dressings down and furious emails that many of them...

    3. September 28, 2014

      Hedge funds move from the margins into the mainstream

      As hedge funds have evolved from tiny pools of private capital to hulking investment houses, so too have their clients. Some...

    4. September 26, 2014

      Wall Street meets its match in people power

      The protesters of Occupy Wall Street didn’t do it. The prosecutors and the regulators who have been poking around in the...

    5. September 26, 2014

      Quick View: FX industry gets organised

      It’s the world’s biggest, most liquid and most accessible market and is closely watched by governments and central banks...

    6. September 22, 2014

      Rockefellers join anti-fossil fuel drive

      A grass-roots movement against fossil fuels has secured its highest profile convert, as the family foundation built on the...

    7. September 22, 2014

      Calpers’ exit has sent hedge fund managers a public health warning

      At a recent dinner party a hedge fund manager told one of his favourite stories. “I was watching a stand-up comedy show,”...

    8. September 21, 2014

      Investors lose that lovin’ feeling for hedge funds

      What is the definition of a hedge fund? A fee structure in search of a client to rip off, or so I was reminded by an equity...

    9. September 21, 2014

      Movers & shakers: September 22

      • Vontobel, the SFr172bn Swiss asset manager, has hired Valentina Chen as a portfolio manager within its emerging markets...

    10. September 21, 2014

      The bottom line is a sustainability one

      The debate about whether socially responsible investment is financially rewarding has been raging for years. Individual...

    11. September 21, 2014

      The week: September 22

      Calpers breaks up with hedge funds Calpers, the largest US public pension fund, is to withdraw from hedge funds entirely....

    12. September 19, 2014

      Hedge funds: California calls time

      Few of the local workers who pay into the London borough of Camden pension scheme each month would have heard of Alan...

    13. September 19, 2014

      Pension schemes stick with hedge funds

      Millions of pension savers in the UK will continue to have their savings invested in hedge funds, an asset class branded...

    14. September 19, 2014

      Letter from Lex: ending a relationship

      It has been a week for thinking about break-ups, and not just in Scotland. Over on the west coast of the US there has also...

    15. September 17, 2014

      UK’s £1tn corporate pensions sector stands by hedge funds

      The embattled hedge fund industry was given a boost by the UK’s £1tn corporate pension fund sector that indicated it would...

    16. FT Alphaville

      September 17, 2014

      Video: Calpers and hedge funds, the end of the affair

      Joseph and Dan discuss the decision by the largest US public pension fund to ditch hedge funds, on the set of mastermind.*...

    17. September 16, 2014

      Calpers gives up on the hedge fund dream

      In the years since the financial crisis, many once-fashionable investment vehicles have fallen from grace. Fewer buyers now...

    18. September 16, 2014

      UK pension fund criticises hedge fund fees

      One of the UK’s most influential public pension funds has branded high hedge fund fees as unjustifiable, adding to pressure...

    19. September 16, 2014

      Calpers: just not that into you

      Dear Lex, I have recently decided to end a 12-year relationship with a handsome, exciting asset class. It’s not me; it’s...

    20. FT Alphaville

      September 16, 2014

      Calpers ditches hedge funds [Update]

      The message is starting to get through. Calpers, the largest US public pension fund, has said that it will stop investing in...

    21. September 16, 2014

      Calpers pulls out of ‘costly’ hedge funds

      Calpers, the largest US public pension fund, has announced plans to eliminate its hedge fund programme, in a severe blow to...

    22. September 7, 2014

      Calpers alone in hedge fund retreat

      The decision by Calpers, the $300bn California Public Employees’ Retirement System, to cut its exposure to hedge funds will...

    23. FT Alphaville

      July 31, 2014

      Most hedge funds fail

      That conclusion, and its consequence — picking good hedge funds that will survive is beyond the ability of big investors...

    24. July 6, 2014

      US pension funds keep fossil fuels burning

      US pension funds have ignored calls from city councils and mayors to divest from carbon-intensive companies, despite concern...

    25. FT Alphaville

      May 29, 2014

      Manager wanted to nurture $288bn. Humility, grace and good humour required

      Do you have 15 years of investment experience, are prepared to work in Sacramento, California, for no more than $612,000?...

    26. May 27, 2014

      Urban Outfitters faces shareholder rebellion over diversity

      Urban Outfitters, the clothing retailer, has faced sharp criticism from large pension funds over a paucity of female...

    27. May 16, 2014

      Calpers sells stakes in Alisher Usmanov companies

      Calpers, the California state pension fund, has sold its holdings in two companies part-owned by Russia’s richest man,...

    28. May 15, 2014

      Chipotle investors vote down pay package

      Chipotle shareholders have rebuked the burrito chain’s executive pay plan with 77 per cent of the votes at its annual...

    29. May 7, 2014

      BofA’s board backed despite capital woes

      Shareholders in Bank of America supported the election of all 15 nominees to the board despite investor calls to punish...

    30. May 7, 2014

      BofA faces voter backlash over error

      Calpers, the Californian state pension fund, will be the second big investor in Bank of America to use its vote at the...

    31. FT Alphaville

      April 28, 2014

      If the GPIF suit fits...

      If you were a Japanese prime minister intent on being radical (where it’s practical) and you had the world’s second largest...

    32. April 14, 2014

      Duke directors targeted over ash spill

      Pension fund investors are trying to oust four board members at Duke Energy, the largest utility in the US, amid mounting...

    33. February 24, 2014

      US pensions pick up the pace in race to de-risk

      It has been a long, nerve-racking night at the roulette table. Our hero has been up handily, then down, up again, and then...

    34. February 16, 2014

      Private equity retreats from renewables ‘fad’

      Private equity houses are retreating from the much-hyped renewable energy sector in the wake of a swath of lossmaking...

    35. November 15, 2013

      If you cannot beat them, track them

      Pension funds on both sides of the Atlantic have increasingly been adopting the same mantra when it comes to the investment...

    36. September 3, 2013

      Norway’s SWF: beyond the consensus

      Norway has lots of oil and lots of money. That happy state of affairs carries risks. Ahead of a general election on...

    37. May 5, 2013

      Traditional investors adopt activism

      Traditional institutional investors are taking a leaf out of the book of more aggressive activist investor groups, which are...

    38. April 24, 2013

      Citigroup sees off shareholder revolt on executive pay

      Citigroup quelled a shareholder revolt on executive pay on Wednesday but told investors not to expect a quick wind-down of...

    Search for California Public Employees' Retirement System and

    RELATED VIDEOS

    Videos from FT.com that closely match this topic

    1. Lex and Alphaville on whether hedge funds deliver on the sale...
      September 16, 2014

      Lex and Alphaville on whether hedge funds deliver on th...