CalPERS

Latest stories

1d
The Record Searchlight
Sales tax pitch lands at Merchant Crime Watch meetingand not smile? Do you people realize that for every $100 dollars paid to police
Sales tax pitch lands at Merchant Crime Watch meeting
The Record Searchlight / Posted yesterday
and not smile? Do you people realize that for every $100 dollars paid to police/fire for salery $49 dollars is sent to CALPERS and in 5 years it will go up to $59 and stay there for 20 years. That's just retirement not health care or vacation... Read more
1d
The Record Searchlight
LIVE COVERAGE: Redding Merchants Crime Watch hears sales tax presentationand not smile? Do you people realize that for every $100 dollars paid to police
LIVE COVERAGE: Redding Merchants Crime Watch hears sales tax presentation
The Record Searchlight / Posted yesterday
and not smile? Do you people realize that for every $100 dollars paid to police/fire for salery $49 dollars is sent to CALPERS and in 5 years it will go up to $59 and stay there for 20 years. That's just retirement not health care or vacation... Read more
2d
FOX Business
VW Set for Near $15B Emissions Settlementbe starting. Several lawsuits have been filed in Germany on behalf of investor
VW Set for Near $15B Emissions Settlement
FOX Business / Posted 2 days ago
be starting. Several lawsuits have been filed in Germany on behalf of investors, including large pension funds such as Calpers, the Norwegian state oil fund, and Nordea, a Swedish investment fund. German courts have yet to rule on allowing... Read more
6 related stories
2d
FOX Business
VW Set for Near $15B Emissions Settlementbe starting. Several lawsuits have been filed in Germany on behalf of investor
VW Set for Near $15B Emissions Settlement
FOX Business / Posted 2 days ago
be starting. Several lawsuits have been filed in Germany on behalf of investors, including large pension funds such as Calpers, the Norwegian state oil fund, and Nordea, a Swedish investment fund. German courts have yet to rule on allowing... Read more
6 related stories
2d
Market Watch
Volkswagen set for $14.7 bln emissions settlementbe starting. Several lawsuits have been filed in Germany on behalf of investor
Volkswagen set for $14.7 bln emissions settlement
Market Watch / Posted 2 days ago
be starting. Several lawsuits have been filed in Germany on behalf of investors, including large pension funds such as Calpers, the Norwegian state oil fund, and Nordea, a Swedish investment fund. German courts have yet to rule on allowing... Read more
6 related stories
3d
KESQ Palm Springs
DHS appoints new interim City ManagerMaynard will not receive employee benefits, and is not entitled to overtime, as
DHS appoints new interim City Manager
KESQ Palm Springs / Posted 3 days ago
Maynard will not receive employee benefits, and is not entitled to overtime, as part of his previous retirement with CALpers. Maynard previously served as Desert Hot Springs' Interim Police Chief in 2014 and assisted in recruiting current... Read more
4d
Naked Capitalism
Private Equity Expert/Reformer Opposes California Treasurer Chiang's Now-Phony "Fee Transparency" Billthe Treasurer to pretend to be on the right side of the growing consternation o
Private Equity Expert/Reformer Opposes California Treasurer Chiang's Now-Phony "Fee Transparency" Bill
Naked Capitalism / Posted 4 days ago
the Treasurer to pretend to be on the right side of the growing consternation over the ignorance of limited partners like CaLPERS of the full fees and costs of investing in private equity, which come at the expense of their beneficiaries. This... Read more
6d
The Sacramento Bee
Drug price measure foes lob unsubstantiated claimState University, and others. It’s also true that at least one agency has rais
Drug price measure foes lob unsubstantiated claim
The Sacramento Bee / Posted 6 days ago
State University, and others. It’s also true that at least one agency has raised concerns about drug access and red tape. CalPERS, in a June 14 report on the measure, said its intent to lower drug prices is “very attractive.” However, should it... Read more
6d
The Sacramento Bee
Brexit could sting California, but the price of Scotch might fallthe possibility of a recession more real.” Unlike those relying on private, 40
Brexit could sting California, but the price of Scotch might fall
The Sacramento Bee / Posted 6 days ago
the possibility of a recession more real.” Unlike those relying on private, 401(k)-type retirement accounts, pensions from CalPERS and CalSTRS are protected. But if financial turmoil in the markets drives down earnings, taxpayers are obligated to... Read more
6d
Naked Capitalism
California Treasurer Chiang's Private Equity Transparency Three Card Montebill AB 2833, a private equity fee transparency bill, in the hope that its spon
California Treasurer Chiang's Private Equity Transparency Three Card Monte
Naked Capitalism / Posted 6 days ago
bill AB 2833, a private equity fee transparency bill, in the hope that its sponsor, Treasurer John Chiang, who sits on the CalPERS and CalSTRS boards, was acting in good faith. In fact, AB 2833 was amended on Wednesday so as to be so pointless... Read more
8d
The Sacramento Bee
Former Schwarzenegger aide named CalPERS interim CEOAs CalPERS long-time chief executive prepares to leave at the end of this month
Former Schwarzenegger aide named CalPERS interim CEO
The Sacramento Bee / Posted 8 days ago
As CalPERS long-time chief executive prepares to leave at the end of this month, the pension fund’s board has named a former aide from the Republican Schwarzenegger administration as interim CEO. Douglas Hoffner has served governors on both sides of... Read more
9d
Market Watch
Alternative investing has been a huge disasterinstitutions are souring on hedge funds, with their humongous fees and dreadful
Alternative investing has been a huge disaster
Market Watch / Posted 9 days ago
institutions are souring on hedge funds, with their humongous fees and dreadful performance. AIG and Met Life have joined Calpers and the New York City employees’ pension fund to cut or eliminate their hedge fund holdings. Even worse, as the... Read more
12d
The Manteca Bulletin
Manteca’s police chief is retiringKaren McLaughlin’s last day on the job will be July 21. She retired earlier thi
Manteca’s police chief is retiring
The Manteca Bulletin / Posted 12 days ago
Karen McLaughlin’s last day on the job will be July 21. She retired earlier this year but agreed to stay on under the same CalPERS rule that allows Obligacion to do the same. Several days later — on July 24 — Fire Chief Kirk Waters is departing to... Read more
13d
Naked Capitalism
HR 5424, "Investment Advisers Modernization Act," a "Get Out of Madoff and Other Frauds for Free" Bill, Passes Financial Services Committeeeffectively in our marketing materials.” But as we’ve seen, even investors with
HR 5424, "Investment Advisers Modernization Act," a "Get Out of Madoff and Other Frauds for Free" Bill, Passes Financial Services Committee
Naked Capitalism / Posted 13 days ago
effectively in our marketing materials.” But as we’ve seen, even investors with large, dedicated private equity teams, like CalPERS and CalSTRS, do not read their Form ADVs. So this is a way to evade disclosure by removing it from fund prospectuses,... Read more
14d
Business Insider
The activist playbook is nearly 90 years old — and the first chapter was written by Warren Buffett's mentorfor years without making a peep were aghast that a company would spend so much
The activist playbook is nearly 90 years old — and the first chapter was written by Warren Buffett's mentor
Business Insider / Posted 14 days ago
for years without making a peep were aghast that a company would spend so much money to weaken its board of directors. CalPERS CEO Dale Hanson complained, "As owners for the last 30 or 40 years, we've been asleep at the switch." Today, large... Read more
14d
Business Insurance
Huge public employee system to raise health premiums 3.2%low and laid the ground for us to continue our efforts toward cost containment
Huge public employee system to raise health premiums 3.2%
Business Insurance / Posted 14 days ago
low and laid the ground for us to continue our efforts toward cost containment in the future,” Priya Mathur, chair of CalPERS’ Pension and Health Benefits Committee, said Wednesday in a statement. The 3.2% increase is sharply less than the... Read more
15d
The Sacramento Bee
CalPERS health premiums rising, but more slowlyCalPERS approved a 3.2 percent increase in health insurance premiums Wednesday,
CalPERS health premiums rising, but more slowly
The Sacramento Bee / Posted 15 days ago
CalPERS approved a 3.2 percent increase in health insurance premiums Wednesday, less than half the rate increase recorded a year ago. With more than 1.4 million members, CalPERS’ health care program is often viewed as an indicator of rate trends... Read more
15d
Pleasanton Weekly
School board brings back all elementary, middle school librariansexpenditures are set at $145.4 million. District staff noted Pleasanton Unified
School board brings back all elementary, middle school librarians
Pleasanton Weekly / Posted 15 days ago
expenditures are set at $145.4 million. District staff noted Pleasanton Unified's payments into employee retirements per CalPERS and CalSTRS will increase by $2 million per year due to a change in state law. *The board appointed Ethan Cheever,... Read more
16d
AllAfrica.com
Don't Be a Fossil Foolinto their defence of the status quo. Their CEO told his AGM that ending oil pr
Don't Be a Fossil Fool
AllAfrica.com / Posted 16 days ago
into their defence of the status quo. Their CEO told his AGM that ending oil production was "not acceptable for humanity". Calpers, holding $1bn of ExxonMobil shares, was among the many who took a different view: "This is their Kodak moment", said... Read more
14 related stories
16d
Newsmax
CalPERS Returns 'Likely to Be Flat' in Current Fiscal YearCalPERS, the biggest U.S. public pension fund, plans to announce its annual ret
CalPERS Returns 'Likely to Be Flat' in Current Fiscal Year
Newsmax / Posted 16 days ago
CalPERS, the biggest U.S. public pension fund, plans to announce its annual returns for the 12 months ending June 30 in mid-July. On Monday, Eliopoulos warned CalPERS Investment Committee that the coming three to five years will be "a challenging... Read more
17d
Reuters
Public pension funds seek infrastructure as market heats upTravelers pass a sign for Gatwick Airport in southern Britain, December 17, 201
Public pension funds seek infrastructure as market heats up
Reuters / Posted 17 days ago
Travelers pass a sign for Gatwick Airport in southern Britain, December 17, 2015. CalPERS, the biggest U.S. public pension fund, made its first direct infrastructure investment in 2010, when it purchased a stake of London's Gatwick Airport. SAN... Read more
17d
Channel NewsAsia
Public pension funds seek infrastructure as market heats upwith a troubled history, one sign of how popular infrastructure investments hav
Public pension funds seek infrastructure as market heats up
Channel NewsAsia / Posted 17 days ago
with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. In May, CalPERS bought a 10 percent stake of the road's concession, representing the first U.S. transportation investment for the... Read more
20d
Morningstar
Massive Scale Benefits State Streetto custody fees, which has led to lower fees and average assets under custody i
Massive Scale Benefits State Street
Morningstar / Posted 20 days ago
to custody fees, which has led to lower fees and average assets under custody in general and to expensive lawsuits (like CalPERS and CalSTRS versus State Street in 2009) in extreme examples. Increased attention and transparency could cause fees... Read more
21d
Business Wire
Fitch Affirms Carmel (CA) USD's Rating at 'AAA'; Outlook StableCarrying costs are expected to remain low despite rising pension system contrib
Fitch Affirms Carmel (CA) USD's Rating at 'AAA'; Outlook Stable
Business Wire / Posted 21 days ago
Carrying costs are expected to remain low despite rising pension system contributions. The district participates in both CalPERS and CalSTRs and the combined Fitch-adjusted adjusted ratio of assets to liabilities for both pension plans is... Read more
13 related stories
23d
Naked Capitalism
CalPERS-TH Lee Row Over Private Equity Fee Abuses Demonstrates Failure of SEC OversightAn important story by Chris Witowsky of PEHUb describes in considerable detail
CalPERS-TH Lee Row Over Private Equity Fee Abuses Demonstrates Failure of SEC Oversight
Naked Capitalism / Posted 23 days ago
An important story by Chris Witowsky of PEHUb describes in considerable detail how CalPERS tried unsuccessfully to get the private equity kingpin TH Lee to pay back various fees that the SEC had deemed improper, in ordering other major players to... Read more
28d
Business Wire
Fitch Rates Riverside County TRANs 'F1+'; Affirms LT Obligations; Outlook Stablewill sell via negotiation the week of June 6. Proceeds will support the county'
Fitch Rates Riverside County TRANs 'F1+'; Affirms LT Obligations; Outlook Stable
Business Wire / Posted 28 days ago
will sell via negotiation the week of June 6. Proceeds will support the county's cash flow and pre-pay the county's annual CalPERS pension contribution. In addition, Fitch has affirmed the county's 'AA-' Long-Term Issuer Default Rating (IDR) as... Read more
28d
MyMotherLode.com
Disgraced Ex State Pension Head Sentencedin bribes during his tenure is heading to federal prison. Fred Buenrostro, 66,
Disgraced Ex State Pension Head Sentenced
MyMotherLode.com / Posted 28 days ago
in bribes during his tenure is heading to federal prison. Fred Buenrostro, 66, former chief of the 1.8 million-member CalPERS, received a four-and-a-half-year prison sentence on Tuesday from US District Judge Charles Breyer for taking bribes... Read more
19 related stories
29d
Lake Tahoe News
Calif. pension fund CEO sentenced for bribery66, pleaded guilty to fraud and bribery charges two years ago, saying he starte
Calif. pension fund CEO sentenced for bribery
Lake Tahoe News / Posted 29 days ago
66, pleaded guilty to fraud and bribery charges two years ago, saying he started taking bribes around 2005 to try to get CalPERS staff members to make investment decisions that helped Alfred Villalobos, an investment manager and former board... Read more
19 related stories
29d
Zero Hedge
Welcome To The New Normal, Where 3x More Risk Gets You The Same Returns As Twenty Years Agoago! This presents the ultimate dilemma for large investors such as the Califo
Welcome To The New Normal, Where 3x More Risk Gets You The Same Returns As Twenty Years Ago
Zero Hedge / Posted 29 days ago
ago! This presents the ultimate dilemma for large investors such as the California Public Employee's Retirement System (CalPERS), the nation's largest pension fund. In order to hit a target return of 7.5% the fund would would have to lower... Read more
29d
The Sacramento Bee
CalPERS chief will collect part of state pension in prisonFormer CalPERS chief executive Fred Buenrostro has surrendered his freedom and
CalPERS chief will collect part of state pension in prison
The Sacramento Bee / Posted 29 days ago
Former CalPERS chief executive Fred Buenrostro has surrendered his freedom and agreed to cough up the ill-gotten gains from his bribery scheme. The one thing Buenrostro won’t forfeit is his CalPERS pension –not most of it, anyway. Buenrostro, 66,... Read more
19 related stories
29d
Business Wire
Fitch Affirms Bass Lake JUESD, CA's GO Bonds at 'A+'; Outlook Stabledebt and pension liabilities relative to personal income is relatively low at 7
Fitch Affirms Bass Lake JUESD, CA's GO Bonds at 'A+'; Outlook Stable
Business Wire / Posted 29 days ago
debt and pension liabilities relative to personal income is relatively low at 7.9%. The district participates in both CalPERS and CalSTRs, and the combined Fitch-adjusted adjusted ratio of assets to liabilities for both pension plans is 73.8%.... Read more
29d
Zero Hedge
"A Spectacular Breach Of Trust" - Former CalPERS CEO Sentenced To Prison For BriberyFormer California Public Employees' Retirement System (CalPERS) CEO Federico Bu
"A Spectacular Breach Of Trust" - Former CalPERS CEO Sentenced To Prison For Bribery
Zero Hedge / Posted 29 days ago
Former California Public Employees' Retirement System (CalPERS) CEO Federico Buenrostro was sentenced Tuesday by a federal judge to four and a half years in prison for accepting more than $200,000 in bribes trying to steer investments. Buenrostro... Read more
19 related stories
29d
The Mercury News
Calpers CEO headed to prisonof California for his efforts on behalf of Alfred Villalobos, an ex-board membe
Calpers CEO headed to prison
The Mercury News / Posted 29 days ago
of California for his efforts on behalf of Alfred Villalobos, an ex-board member who brokered a $3 billion investment by Calpers in funds managed by Apollo Global Management LLC. Villalobos, who was also charged in the case, committed suicide... Read more
29d
Morningstar
What Will Your Portfolio Return?hand, have a decidedly different view. The largest of the bunch, the California
What Will Your Portfolio Return?
Morningstar / Posted 29 days ago
hand, have a decidedly different view. The largest of the bunch, the California Public Employees' Retirement System, or CalPERS, estimates that its portfolio will earn 7.5% for the long term. (In an unusual political twist, California Governor... Read more
29d
Fortune
The Ex-CEO of Calpers Is Going to Prison on Bribery ChargesA former chief officer of Calpers, the nation’s largest public pension fund, wa
The Ex-CEO of Calpers Is Going to Prison on Bribery Charges
Fortune / Posted 29 days ago
A former chief officer of Calpers, the nation’s largest public pension fund, was sentenced by a federal judge in San Francisco on Tuesday to 4-1/2 years in prison on a bribery conviction. Federico Buenrostro, who served as chief executive officer of... Read more
19 related stories
30d
Naked Capitalism
CalPERS Uses Unqualified "Expert" to Validate Its London-Whale-Style Deficient Risk ManagementThe more we’ve looked at CalPERS, the more it has become clear that it suffers
CalPERS Uses Unqualified "Expert" to Validate Its London-Whale-Style Deficient Risk Management
Naked Capitalism / Posted 30 days ago
The more we’ve looked at CalPERS, the more it has become clear that it suffers from deep-seated governance deficiencies. As we’ll show in this post, they include a board whose members, save JJ Jelincic, apparently view their positions as largely... Read more
30d
Island Packet
California pension fund CEO sentenced for briberypleaded guilty to fraud and bribery charges two years ago, saying he started ta
California pension fund CEO sentenced for bribery
Island Packet / Posted 30 days ago
pleaded guilty to fraud and bribery charges two years ago, saying he started taking bribes around 2005 to try to get CalPERS staff members to make investment decisions that helped Alfred Villalobos, an investment manager and former board... Read more
19 related stories
30d
San Francisco Chronicle
Ex CalPERS chief sentenced to prison for bribery schemeBuenrostro accepted $200,000 in paper bags and a shoe box from Villalobos, alon
Ex CalPERS chief sentenced to prison for bribery scheme
San Francisco Chronicle / Posted 30 days ago
Buenrostro accepted $200,000 in paper bags and a shoe box from Villalobos, along with paid business trips, while steering CalPERS investments to companies that paid Villalobos up to $50 million. After leaving the 1.8 million-member pension fund,... Read more
19 related stories
30d
The Sacramento Bee
Former CalPERS chief sentenced to prison in bribery scandalThe former chief executive of CalPERS was sentenced to four and a half years in
Former CalPERS chief sentenced to prison in bribery scandal
The Sacramento Bee / Posted 30 days ago
The former chief executive of CalPERS was sentenced to four and a half years in prison Tuesday for his role in a bribery scandal that rocked the nation's largest public pension fund. Clad in a jail outfit because of unrelated battery charges, Fred... Read more
19 related stories
30d
Los Angeles Times
Former CEO of CalPERS is sentenced to prison for his 'spectacular breach of trust'pleaded guilty to fraud and bribery charges two years ago, saying he started ta
Former CEO of CalPERS is sentenced to prison for his 'spectacular breach of trust'
Los Angeles Times / Posted 30 days ago
pleaded guilty to fraud and bribery charges two years ago, saying he started taking bribes around 2005 to try to get CalPERS staff members to make investment decisions that helped Alfred Villalobos, an investment manager and former board... Read more
19 related stories
30d
ABC News
California Pension Fund CEO Sentenced for Briberypleaded guilty to fraud and bribery charges two years ago, saying he started ta
California Pension Fund CEO Sentenced for Bribery
ABC News / Posted 30 days ago
pleaded guilty to fraud and bribery charges two years ago, saying he started taking bribes around 2005 to try to get CalPERS staff members to make investment decisions that helped Alfred Villalobos, an investment manager and former board... Read more
19 related stories
1m
Petluma360.com
Petaluma facing fiscal cliffare the costs of paying for the retirement of former employees. The California
Petaluma facing fiscal cliff
Petluma360.com / Posted a month ago
are the costs of paying for the retirement of former employees. The California Public Employees’ Retirement System, or CalPERS, has long required participating employers to cover the difference when the system’s huge investment portfolio fails... Read more
m
Marin Independent Journal
Assemblyman Levine’s return is the best choice on June 7the political clout to overcome Sacramento’s power politics, but he deserves cr
Assemblyman Levine’s return is the best choice on June 7
Marin Independent Journal / Posted 1 months ago
the political clout to overcome Sacramento’s power politics, but he deserves credit for raising issues such as reform of CalPERS, California’s largest public worker pension fund, and the Metropolitan Transportation Commission, the Bay Area’s... Read more

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