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Biggest US public pension fund to begin extensive review of its $52bn of assets in the sector
Biggest US public pension plan missed out on almost a decade of returns by being too conservative
PE appears to be a superior model with greater ability to ride out choppy cycles
Largest US pension plan says traditional diversification strategies proved ‘less effective’
Nicole Musicco appointed as $478bn fund manager deepens push into private markets
US pension fund to lift private equity and debt allocations over concern public markets are ‘a little overheated’
And crypto as instrument of revolution
Activists attack influential investor group for voting against calls for deeper emissions cuts at oil company
Just 17% of retirement schemes in North America committed to net zero emissions by 2050
Allowing public markets to wither could worsen wealth inequality and dent public acceptance of capitalism
Departure of Ben Meng from Calpers is unlikely to trigger a scramble to replace him
Big investors demand groups follow BP’s example and consider global warming risk in financial statements
Ben Meng spearheaded a bold overhaul of much of $400bn fund’s investment portfolio
Ben Meng departs US’s top public pension fund after allegations of incomplete public disclosures
Departure of CIO does nothing to help fix group’s massive pension funding hole
The depressing part is the willingness of pension funds simply to hand over the swag
US public pension scheme’s push into private equity and private debt is ‘too risky’, according to Margaret Brown
Pension fund’s view is ‘too little liquidity can be deadly but too much is costly’
Report says it is difficult to see how the business model can add up given how costly it is
Calpers hopes bold move will boost efforts to achieve its 7% return target
California pension fund accused of refusing to disclose details to avoid bonus cuts
Outta site, outta mind.
Calpers is the latest big investor to pull back from stockpickers in favour of passive approach
Ben Meng on managing the retirement savings of nearly 2m Californians
“We need more of it, and we need it now.”
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