CalPERS

Latest stories

6h
Naked Capitalism
Fortune's Dan Primack Takes Up CalPERS' Private Equity Scandal, Calls Head of Private Equity "Factually Wrong"Primack confirmed that Réal Desrochers, CalPERS’ Managing Investment Director o
Fortune's Dan Primack Takes Up CalPERS' Private Equity Scandal, Calls Head of Private Equity "Factually Wrong"
Naked Capitalism / Posted 6 hours ago
Primack confirmed that Réal Desrochers, CalPERS’ Managing Investment Director of Private Equity, was “factually wrong” in his presentation to the Investment Committee in August. He also reports that some of his correspondents were “stunned” by the... Read more
11h
Reuters
As other funds bail on commodities, CalSTRS pursues test driveSAN FRANCISCO CalSTRS, the $191 billion California teachers pension fund, is pr
As other funds bail on commodities, CalSTRS pursues test drive
Reuters / Posted 11 hours ago
SAN FRANCISCO CalSTRS, the $191 billion California teachers pension fund, is pressing ahead with plans to test the waters of global commodity markets, an asset class that has fallen out of favor for many investors because of slumping prices. Almost... Read more
1d
Los Angeles Times
Pension fund CalSTRS weighs shift to safetyNEW YORK — The California State Teachers' Retirement System, the nation's secon
Pension fund CalSTRS weighs shift to safety
Los Angeles Times / Posted yesterday
NEW YORK — The California State Teachers' Retirement System, the nation's second-largest public pension system, is considering a new strategy that would shift up to 12% of its $191-billion portfolio into safer investments, such as long-term Treasury... Read more
1d
Guardian Unlimited
California passes bill forcing biggest pension funds to divest from coalCalifornia lawmakers passed a bill on Wednesday requiring the state’s two large
California passes bill forcing biggest pension funds to divest from coal
Guardian Unlimited / Posted yesterday
California lawmakers passed a bill on Wednesday requiring the state’s two largest pension plans to divest their holdings in thermal coal as part of a push this legislative session to address climate change. “Coal is the fuel of the past and it’s no... Read more
3 related stories
1d
TheStreet.com
Irate Bank of America Investors Win an Ally in Fight Over CEO/ChairmanOn Wednesday, proxy advisory firm Glass Lewis joined the chorus of investors op
Irate Bank of America Investors Win an Ally in Fight Over CEO/Chairman
TheStreet.com / Posted yesterday
On Wednesday, proxy advisory firm Glass Lewis joined the chorus of investors opposed to rejoining the roles of chairman and CEO at the Charlotte, N.C.-based bank. Shareholders had ordered the company to split the two jobs in 2009 after then-CEO Ken... Read more
5 related stories
2d
Oakland Tribune
Piedmont: School board OKs contracts for workers, administratorsPIEDMONT -- The school board unanimously approved the collective bargaining agr
Piedmont: School board OKs contracts for workers, administrators
Oakland Tribune / Posted 2 days ago
PIEDMONT -- The school board unanimously approved the collective bargaining agreement between the district and Classified School Employees Association (CSEA) and the Association of Piedmont School Administrators. CSEA Chapter 60 members will receive... Read more
2d
PhysOrg
Venture capital investing boom neglects startups tackling povertyThe venture capital investing boom has sent billions of dollars to startups tha
Venture capital investing boom neglects startups tackling poverty
PhysOrg / Posted 2 days ago
The venture capital investing boom has sent billions of dollars to startups that serve the upper crust of society with an app to deliver your laundry or order a valet to park your car, yet many VCs continue to resist investing in viable businesses... Read more
2d
Zero Hedge
Second Largest US Pension Fund To Sell 12% Of Stocks Holdings In Advance Of "Another Downturn"While many continue to debate if what with every passing day increasingly looks
Second Largest US Pension Fund To Sell 12% Of Stocks Holdings In Advance Of "Another Downturn"
Zero Hedge / Posted 2 days ago
While many continue to debate if what with every passing day increasingly looks like a global recession, one from which the US will not decouple no matter how many "virtual portfolio" asset managers claim the contrary, there are those who without... Read more
2d
The Sacramento Bee
Bill to strip coal from California pension portfolios heads to governorCalifornia’s public pension funds would need to drop their current investments
Bill to strip coal from California pension portfolios heads to governor
The Sacramento Bee / Posted 2 days ago
California’s public pension funds would need to drop their current investments in coal and avoid making new ones under a bill the California Assembly sent to Gov. Jerry Brown on Wednesday. The California Public Employees Retirement System and... Read more
2d
The Sacramento Bee
CalSTRS considers shifting part of portfolio into conservative investmentsCalSTRS is considering a long-term shift in its investment strategy to reduce r
CalSTRS considers shifting part of portfolio into conservative investments
The Sacramento Bee / Posted 2 days ago
CalSTRS is considering a long-term shift in its investment strategy to reduce risk and volatility at the $191.3 billion fund. The fund would gradually shift up to 12 percent of its portfolio, or around $22 billion at current values, away from U.S.... Read more
2d
CommonDreams.org
California Assembly Votes to Divest Public Pension Funds From CoalS.B. 185, a bill calling for CalPERS and CalSTRS to divest from coal, heads to
California Assembly Votes to Divest Public Pension Funds From Coal
CommonDreams.org / Posted 2 days ago
S.B. 185, a bill calling for CalPERS and CalSTRS to divest from coal, heads to Governor Jerry Brown’s desk after 43-27 vote in State Assembly 350 is the red line for human beings, the most important number on the planet. The most recent science... Read more
3d
Business Wire
Fitch Affirms Firebaugh-Las Deltas USD, CA's GOs at 'A+'; Outlook StableNEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the following Firebaugh-L
Fitch Affirms Firebaugh-Las Deltas USD, CA's GOs at 'A+'; Outlook Stable
Business Wire / Posted 3 days ago
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the following Firebaugh-Las Deltas Unified School District, California bonds: --$6.3 million general obligation (GO) bonds at 'A+'. The Rating Outlook is Stable SECURITY The bonds are secured... Read more
3d
Reuters
Markets’ wild moves might make U.S. public pension funds vulnerableRetirement plan brochures are seen in a rack at the Calpers regional office in
Markets’ wild moves might make U.S. public pension funds vulnerable
Reuters / Posted 3 days ago
Retirement plan brochures are seen in a rack at the Calpers regional office in Sacramento, California, October 21, 2009. NEW YORK Last week's wild gyrations in global financial markets almost certainly exposed the vulnerability of U.S. state and... Read more
3d
Bizjournals
CalSTERS and CalPERS Join CtW Investment Group in Opposing New Bank of America Role for Brian MoynihanShareholders will decide if Brian Moynihan can serve as chairman and CEO. Shar
CalSTERS and CalPERS Join CtW Investment Group in Opposing New Bank of America Role for Brian Moynihan
Bizjournals / Posted 3 days ago
Shareholders will decide if Brian Moynihan can serve as chairman and CEO. Shareholders have been revolting against the new rule since the board announced it in May. “Since Mr. Moynihan’s appointment as CEO in January 2010, the company has continued... Read more
5 related stories
3d
TheStreet.com
Sept. 1 Premarket BriefingNEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Sept. 1
Sept. 1 Premarket Briefing
TheStreet.com / Posted 3 days ago
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Sept. 1: 1. -- U.S. stock futures were tumbling and European and Asian shares fell sharply following gloomy manufacturing data from China. The Chinese manufacturing index,... Read more
3d
Channel NewsAsia
Calpers, Calstrs oppose joint CEO-chairman role at Bank of AmericaREUTERS: Two of America's biggest public pension funds have come together to op
Calpers, Calstrs oppose joint CEO-chairman role at Bank of America
Channel NewsAsia / Posted 3 days ago
REUTERS: Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S. bank by assets. The... Read more
5 related stories
3d
Reuters
Calpers, Calstrs oppose joint CEO-chairman role at Bank of AmericaA Bank Of America sign is pictured in the Manhattan borough of New York August
Calpers, Calstrs oppose joint CEO-chairman role at Bank of America
Reuters / Posted 3 days ago
A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to... Read more
5 related stories
3d
Naked Capitalism
CalPERS Chief Investment Officer Defends Tax Abuse as Investor BenefitWhile it was troubling to see CalPERS’ Managing Investment Director responsible
CalPERS Chief Investment Officer Defends Tax Abuse as Investor Benefit
Naked Capitalism / Posted 3 days ago
While it was troubling to see CalPERS’ Managing Investment Director responsible for private equity, Réal Desrochers, repeatedly demonstrate that he did not understand basic aspects of private equity economics, its Chief Investment Officer, Ted... Read more
3 related stories
4d
Naked Capitalism
CalPERS Staff Demonstrates Repeatedly That They Don't Understand How Private Equity Fees WorkThe oversimplifications, mistakes, and refusals to answer basic questions by Ca
CalPERS Staff Demonstrates Repeatedly That They Don't Understand How Private Equity Fees Work
Naked Capitalism / Posted 4 days ago
The oversimplifications, mistakes, and refusals to answer basic questions by CalPERS staff members at the last Investment Committee meeting of its board suggest that CalPERS has so little understanding of private equity that it cannot responsibly... Read more
3 related stories
4d
Naked Capitalism
Senior Private Equity Officers at CalPERS Do Not Understand How They Guarantee That Private Equity General Partners Get RichOver the course of the last Investment Committee meeting of the CalPERS Board o
Senior Private Equity Officers at CalPERS Do Not Understand How They Guarantee That Private Equity General Partners Get Rich
Naked Capitalism / Posted 4 days ago
Over the course of the last Investment Committee meeting of the CalPERS Board of Directors, many of the statements made by senior members of CalPERS’ investment staff showed a lack of understanding of basic issues, such as the industry’s economics... Read more
3 related stories
4d
Lake Tahoe News
CalPERS looks to cut financial riskBy Melody Petersen, Los Angeles Times California taxpayers have never paid mor
CalPERS looks to cut financial risk
Lake Tahoe News / Posted 4 days ago
By Melody Petersen, Los Angeles Times California taxpayers have never paid more for public worker pensions, but it’s still not enough to cover the rising number of retirement checks written by the state’s largest pension plan. Even before the stock... Read more
5d
Los Angeles Times
In strategy shift, CalPERS looks to cut financial riskCalifornia taxpayers have never paid more for public worker pensions, but it's
In strategy shift, CalPERS looks to cut financial risk
Los Angeles Times / Posted 5 days ago
California taxpayers have never paid more for public worker pensions, but it's still not enough to cover the rising number of retirement checks written by the state's largest pension plan. Even before the stock market's recent fall, staffers at the... Read more
5d
Naked Capitalism
CalPERS' Private Equity, Exposed: Executive SummaryOver the course of this week and next week, we will examine a recording from th
CalPERS' Private Equity, Exposed: Executive Summary
Naked Capitalism / Posted 5 days ago
Over the course of this week and next week, we will examine a recording from the most recent meeting of the Investment Committee of CalPERS’ Board of Directors, This session was part of the regular process of the review and oversight of CalPERS’... Read more
3 related stories
5d
The Monterey County Herald
A third option: shut down raceway at Laguna Seca With the approval of the dog park, the county has again acted to make Carmel
A third option: shut down raceway at Laguna Seca
The Monterey County Herald / Posted 5 days ago
With the approval of the dog park, the county has again acted to make Carmel Valley into a business corridor rather than a semi-rural area of homes, schools and parks (Aug. 27). We already have... Read more
7d
Lake Tahoe News
Hotel taxes bright spot in SLT budgetAn unexpected spike in the cost of retiree pension benefits and a continual dec
Hotel taxes bright spot in SLT budget
Lake Tahoe News / Posted 7 days ago
An unexpected spike in the cost of retiree pension benefits and a continual declining value of some redevelopment properties is being offset by a substantial increase in transient occupancy taxes in South Lake Tahoe. All of this means the 2015-16... Read more
7d
The Sacramento Bee
Audit reveals California state employees’ misconductA Caltrans engineer played dozens of rounds of golf during work hours for 19 mo
Audit reveals California state employees’ misconduct
The Sacramento Bee / Posted 7 days ago
A Caltrans engineer played dozens of rounds of golf during work hours for 19 months while management approved his time sheets without knowing what he was doing, according to a new audit that highlights some state employees’ poor behavior. The... Read more
9d
San Jose Mercury News
Dave Low: Reed's state pension reform measure would be financial disasterBackers of an effort to slash the retirement of public servants got a stiff dos
Dave Low: Reed's state pension reform measure would be financial disaster
San Jose Mercury News / Posted 9 days ago
Backers of an effort to slash the retirement of public servants got a stiff dose of reality this month when leaders of the state's top public investment funds raised red flags about the plan that could be headed for the 2016 ballot. They said the... Read more
9d
The Sacramento Bee
Engagement is best approach to reduce fossil-fuel investmentsWill 2015 be the turning point for shedding dependence on fossil fuels? Recent
Engagement is best approach to reduce fossil-fuel investments
The Sacramento Bee / Posted 9 days ago
Will 2015 be the turning point for shedding dependence on fossil fuels? Recent events suggest it could be. President Barack Obama just introduced landmark environmental regulations to limit power plant emissions. More than a dozen multinational... Read more
9d
The Sacramento Bee
Audit highlights gaps in California’s state IT securityCalifornia’s state databanks, stuffed with Social Security numbers, medical rec
Audit highlights gaps in California’s state IT security
The Sacramento Bee / Posted 9 days ago
California’s state databanks, stuffed with Social Security numbers, medical records, tax return data and other sensitive information, are so poorly guarded that a new audit warns that they are “vulnerable to unauthorized use, disclosure or... Read more
10d
Orange County Register
Trump is his own worst enemyRe “Trump immigration plan: border wall, mass deportations” [Opinion, Aug. 19]:
Trump is his own worst enemy
Orange County Register / Posted 10 days ago
Re “Trump immigration plan: border wall, mass deportations” [Opinion, Aug. 19]: According to Newton’s third law of physics, to every action there is a reaction. That said, here’s my reaction to Donald Trump’s call to deport millions of illegal... Read more
11d
Investopedia
The Biggest Private Equity Firms in BostonPrivate equity firms invest in the equity of private companies, meaning those n
The Biggest Private Equity Firms in Boston
Investopedia / Posted 11 days ago
Private equity firms invest in the equity of private companies, meaning those not publicly traded on an exchange. They employ a variety of strategies to make these investments. With a leveraged buyout, a private equity firm uses borrowed money to... Read more
2 related stories
11d
Lake Tahoe News
Calpers misses target with 2.4% returnBy Alison Vekshin, BloombergBusiness The California Public Employees’ Retireme
Calpers misses target with 2.4% return
Lake Tahoe News / Posted 11 days ago
By Alison Vekshin, BloombergBusiness The California Public Employees’ Retirement System, the largest pension in the U.S., said it earned 2.4 percent last fiscal year, below its target rate as financial-market turbulence depressed stock and bond... Read more
13d
Sacramento Today
California Climate Change Symposium Sold Out, Webcast AvailableSacramento -Californians are overwhelmingly interested in climate change and ho
California Climate Change Symposium Sold Out, Webcast Available
Sacramento Today / Posted 13 days ago
Sacramento -Californians are overwhelmingly interested in climate change and how it will affect their state as evidenced by the SOLD OUT crowd of more than 600 registered participants at the "California Climate Change Symposium 2015: Using Climate... Read more
14d
Los Angeles Times
Public pension shocker: Shutting a pension plan actually costs taxpayers moneyAmid the nationwide panic over the rising costs of public employee pensions, on
Public pension shocker: Shutting a pension plan actually costs taxpayers money
Los Angeles Times / Posted 14 days ago
Amid the nationwide panic over the rising costs of public employee pensions, one proposed solution is nearly universal: States and municipalities should shutter their traditional defined benefit plans and place all new employees in a 401(k)-style... Read more
14d
Orange County Register
Flip side of cheaper energy: Pension funds take big hitsCalifornia’s two giant public pension funds are developing a bad habit of makin
Flip side of cheaper energy: Pension funds take big hits
Orange County Register / Posted 14 days ago
California’s two giant public pension funds are developing a bad habit of making terrible stock market bets. In the mid-2000s, the California Public Employees’ Retirement System and the California State Teachers’ Retirement System invested heavily in... Read more
15d
The Sacramento Bee
Investor planning Del Paso Boulevard music ‘incubator’A Sacramento-area investor is closing in on a purchase of the former Senator Ro
Investor planning Del Paso Boulevard music ‘incubator’
The Sacramento Bee / Posted 15 days ago
A Sacramento-area investor is closing in on a purchase of the former Senator Rollerdrome on Del Paso Boulevard and hopes to turn the 90-year-old building into a music practice, recording and performance facility. Greg Kennedy, head of a Davis real... Read more
17d
The Sacramento Bee
California state worker health insurance calculator launchedThe California Department of Human Resources has rolled out a benefits calculat
California state worker health insurance calculator launched
The Sacramento Bee / Posted 17 days ago
The California Department of Human Resources has rolled out a benefits calculator that allows state employees to determine their out-of-pocket costs for medical, dental and vision insurance for the current and coming calendar years. Users decide... Read more
17d
Orange County Register
Watchdog: California pension reform measure means savings, potential labor upheavalA controversial reform measure headed for the 2016 ballot could cut public pens
Watchdog: California pension reform measure means savings, potential labor upheaval
Orange County Register / Posted 17 days ago
A controversial reform measure headed for the 2016 ballot could cut public pension costs by giving taxpayers a say on retirement plans – but it could upend collective bargaining in the process, according to several analyses. The “Voter Empowerment... Read more
6 related stories
18d
Marin Independent Journal
Marin IJ Readers’ Forum for Aug. 18, 2015We need active cleanup of Marinwood toxic plume The Save Marinwood Plaza Now o
Marin IJ Readers’ Forum for Aug. 18, 2015
Marin Independent Journal / Posted 18 days ago
We need active cleanup of Marinwood toxic plume The Save Marinwood Plaza Now oversite committee thanks you for your article, “Residents push for cleanup of chemicals” (Aug. 16) by Stephanie Weldy to alert the Marin community to our situation. From... Read more
18d
The Sacramento Bee
CalPERS to consider playing it safeThe CalPERS board on Monday will weigh two plans designed to make its investmen
CalPERS to consider playing it safe
The Sacramento Bee / Posted 18 days ago
The CalPERS board on Monday will weigh two plans designed to make its investment portfolio less risky. Both plans, according to a board staff report, could increase the contributions required from public employers over time. A presentation from... Read more
18d
Naked Capitalism
Yet More Private Equity Grifting: The SEC Enables "Broken Deal Expense" ConThere’s so much chicanery afoot in private equity that I sometimes don’t write
Yet More Private Equity Grifting: The SEC Enables "Broken Deal Expense" Con
Naked Capitalism / Posted 18 days ago
There’s so much chicanery afoot in private equity that I sometimes don’t write about important aspects on a timely basis. One of the big ones that most investors manage to kid themselves about is how the general partners’ fee structures really work.... Read more
18d
Orange County Register
Just say no to government spendingRecent reports indicate the Garden Grove City Council will be asking to raise t
Just say no to government spending
Orange County Register / Posted 18 days ago
Recent reports indicate the Garden Grove City Council will be asking to raise the amount of stipend they receive. They all knew what the salary was when they applied for the job. If the amount was too low why did they run? Now they want to spend... Read more
19d
Contra Costa Times Newspapers
VC investing boom neglects startups tackling povertyPALO ALTO -- The venture capital investing boom has sent billions of dollars to
VC investing boom neglects startups tackling poverty
Contra Costa Times Newspapers / Posted 19 days ago
PALO ALTO -- The venture capital investing boom has sent billions of dollars to startups that serve the upper crust of society with an app to deliver your laundry or order a valet to park your car, yet many VCs continue to resist investing in viable... Read more
5 related stories
19d
The Daily Review
VC investing boom neglects startups tackling povertyPALO ALTO -- The venture capital investing boom has sent billions of dollars to
VC investing boom neglects startups tackling poverty
The Daily Review / Posted 19 days ago
PALO ALTO -- The venture capital investing boom has sent billions of dollars to startups that serve the upper crust of society with an app to deliver your laundry or order a valet to park your car, yet many VCs continue to resist investing in viable... Read more
5 related stories
19d
Santa Cruz Sentinel
VC investing boom neglects startups tackling povertyPALO ALTO >> The venture capital investing boom has sent billions of dollars to
VC investing boom neglects startups tackling poverty
Santa Cruz Sentinel / Posted 19 days ago
PALO ALTO >> The venture capital investing boom has sent billions of dollars to startups that serve the upper crust of society with an app to deliver your laundry or order a valet to park your car, yet many VCs continue to resist investing in viable... Read more
5 related stories
20d
Silicon Valley
VC investing boom neglects startups tackling povertyPALO ALTO -- The venture capital investing boom has sent billions of dollars to
VC investing boom neglects startups tackling poverty
Silicon Valley / Posted 20 days ago
PALO ALTO -- The venture capital investing boom has sent billions of dollars to startups that serve the upper crust of society with an app to deliver your laundry or order a valet to park your car, yet many VCs continue to resist investing in viable... Read more
5 related stories
20d
The Fremont Argus
VC investing boom neglects startups tackling povertyPALO ALTO -- The venture capital investing boom has sent billions of dollars to
VC investing boom neglects startups tackling poverty
The Fremont Argus / Posted 20 days ago
PALO ALTO -- The venture capital investing boom has sent billions of dollars to startups that serve the upper crust of society with an app to deliver your laundry or order a valet to park your car, yet many VCs continue to resist investing in viable... Read more
5 related stories
20d
The Mercury News
VC investing boom neglects startups tackling povertyPALO ALTO -- The venture capital investing boom has sent billions of dollars to
VC investing boom neglects startups tackling poverty
The Mercury News / Posted 20 days ago
PALO ALTO -- The venture capital investing boom has sent billions of dollars to startups that serve the upper crust of society with an app to deliver your laundry or order a valet to park your car, yet many VCs continue to resist investing in viable... Read more
5 related stories
21d
Naked Capitalism
You Don't Need to Hire Rapacious Private Equity Firms to Get Their ReturnsA myth that has allowed private equity to persist in its predatory ways that pr
You Don't Need to Hire Rapacious Private Equity Firms to Get Their Returns
Naked Capitalism / Posted 21 days ago
A myth that has allowed private equity to persist in its predatory ways that private equity delivers returns that investors can’t obtain through other investment strategies. We’ve described the large body of research that demonstrates otherwise.... Read more
22d
GlobeSt.com
Retail’s Massive Sales ReboundWhen celebrating GlobeSt.com�s 15th anniversary, it�s only fitting that we look
Retail’s Massive Sales Rebound
GlobeSt.com / Posted 22 days ago
When celebrating GlobeSt.com�s 15th anniversary, it�s only fitting that we look back on the past decade and a half of transactions that have made major headlines. Be it in size, complexity or creativity, there are some deals that stand out as ones to... Read more
More

People in this news