California Public Employees Pension Fund

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2d
Australian Broadcasting Corporation
Shorten's rhetorical rampage fails to convincenot it but they are the government they are no longer the opposition and it is
Shorten's rhetorical rampage fails to convince
Australian Broadcasting Corporation / Posted 2 days ago
not it but they are the government they are no longer the opposition and it is their actions or non-actions that will drive public perceptions. What Shorten should be doing is kicking the heads of the unions to open up the Labor party and to come... Read more
4d
Orange County Register
Pension costs, by any measure, staggeringThere has been much debate over how to value public pension liabilities, but wh
Pension costs, by any measure, staggering
Orange County Register / Posted 4 days ago
There has been much debate over how to value public pension liabilities, but what is beyond dispute is that the unfunded debts are large and are already affecting state and local budgets. Just ask cities like Vallejo, San Bernardino and Detroit,... Read more
5d
Marin Independent Journal
Marin IJ Readers’ Forum for May 25Pension reform will need change of supervisors So the IJ follows its long trad
Marin IJ Readers’ Forum for May 25
Marin Independent Journal / Posted 5 days ago
Pension reform will need change of supervisors So the IJ follows its long tradition of endorsing incumbents (for the 2nd and 3rd districts) and endorsing a West Marin rancher for the vacant 4th district seat. I find these endorsements ill-advised... Read more
5d
Market Watch
Volkswagen investors push for independent probeshareholder meeting next month. Germany's largest investor association, DSW; H
Volkswagen investors push for independent probe
Market Watch / Posted 5 days ago
shareholder meeting next month. Germany's largest investor association, DSW; Hermes Investment Management, a London-based fund with GBP24 billion ($34.67 billion) under management; and Deminor, a Brussels-based company that advises institutional... Read more
5 related stories
5d
The Washington Times
RICHARD BERMAN: Democratic doublespeak on minimum wagePuerto Rico’s dire fiscal condition. The territory is currently $70 billion in
RICHARD BERMAN: Democratic doublespeak on minimum wage
The Washington Times / Posted 5 days ago
Puerto Rico’s dire fiscal condition. The territory is currently $70 billion in debt and has another $30 billion in unfunded pension liabilities. The bill would create a board to help restructure the territory’s debt obligations. One of the... Read more
5d
The Sacramento Bee
Sentencing delayed for former CalPERS chief who took bribesExecutive Fred Buenrostro will have to wait another week to learn his punishmen
Sentencing delayed for former CalPERS chief who took bribes
The Sacramento Bee / Posted 5 days ago
Executive Fred Buenrostro will have to wait another week to learn his punishment for the bribery case that rocked the big California pension fund. Buenrostro was to have been sentenced Tuesday afternoon in U.S. District Court in San Francisco.... Read more
6d
Newsmax
Axa to Divest Its Tobacco Industry Assets Worth $2 Billionthe Tobacco Free Portfolios Initiative are pushing for corporate divestment in
Axa to Divest Its Tobacco Industry Assets Worth $2 Billion
Newsmax / Posted 6 days ago
the Tobacco Free Portfolios Initiative are pushing for corporate divestment in the industry. The board of the $293 billion California Public Employees’ Retirement System has asked its staff to review the pros and cons of its decision to abstain... Read more
51 related stories
9d
La Prensa San Diego
SD City Pensions May Have to ReturnB, championed back then as the cure for San Diego’s fiscal problems. Prop B was
SD City Pensions May Have to Return
La Prensa San Diego / Posted 9 days ago
B, championed back then as the cure for San Diego’s fiscal problems. Prop B was a City Charter amendment that eliminated pensions for all employees except police officers, a carve-out to get cops from opposing the measure. The new law was the... Read more
9d
Orange County Register
Pension problems drag on economic growthCalifornia is known for a lot of things: our beautiful coasts, dynamic economy
Pension problems drag on economic growth
Orange County Register / Posted 9 days ago
California is known for a lot of things: our beautiful coasts, dynamic economy and thriving cultural diversity. But, one issue in particular consistently ranks our state near the bottom of every national poll and plagues our state by slowing business... Read more
10d
MedCity News
Theranos on death watch after voiding 2 years of test resultsthe body before transplantation. — MassDevice UnitedHealth Group’s OptumRx has
Theranos on death watch after voiding 2 years of test results
MedCity News / Posted 10 days ago
the body before transplantation. — MassDevice UnitedHealth Group’s OptumRx has won a $4.9 billion PBM contract with California Public Employees Retirement System, the nation’s largest pension fund. — San Francisco Business Times Could... Read more
43 related stories
10d
Desert Dispatch
Firefighters seek county annexationwhich offered an optimistic outlook that the district could stabilize despite t
Firefighters seek county annexation
Desert Dispatch / Posted 10 days ago
which offered an optimistic outlook that the district could stabilize despite the struggle to successfully transition pension plans from the San Bernardino County Employees' Retirement Association to the California Public Employees Retirement... Read more
11d
Desert Dispatch
Barstow firefighters union seeks county annexationwhich offered an optimistic outlook that the district could stabilize despite t
Barstow firefighters union seeks county annexation
Desert Dispatch / Posted 11 days ago
which offered an optimistic outlook that the district could stabilize despite the struggle to successfully transition pension plans from the San Bernardino County Employees' Retirement Association to the California Public Employees Retirement... Read more
11d
4029TV KHBS - KHOG Fort Smith - Fayetteville
The party is over for hedge funds. And the hangover could hurtThe hedge fund industry's golden age of fat fees and superior returns is over.
The party is over for hedge funds. And the hangover could hurt
4029TV KHBS - KHOG Fort Smith - Fayetteville / Posted 11 days ago
The hedge fund industry's golden age of fat fees and superior returns is over. And the future looks decidedly less fun. The hedge-fund managers who take home billions of dollars in pay are no longer in denial. There was somber acceptance at last... Read more
12d
The Sacramento Bee
California had nation’s 11th highest state debt burden in 2013As a proportion of personal income, California had the nation’s 11th highest lo
California had nation’s 11th highest state debt burden in 2013
The Sacramento Bee / Posted 12 days ago
As a proportion of personal income, California had the nation’s 11th highest long-term state debt in 2013, a new report by the Pew Charitable Trusts says. However, Pew’s three-year-old calculations, like other state-to-state comparisons, suffer from... Read more
13d
The Sacramento Bee
CalPERS speeds up deadline to debate tobacco investmentsDespite the toxic politics, CalPERS’ leaders on Monday stuck with a plan that c
CalPERS speeds up deadline to debate tobacco investments
The Sacramento Bee / Posted 13 days ago
Despite the toxic politics, CalPERS’ leaders on Monday stuck with a plan that could lead the fund to jump back into tobacco investments. And they sped up the timeline for considering whether to put pension money into the industry again. A proposal... Read more
13d
Naked Capitalism
Hedge Fund Comeuppance: Firms Hunker Down, Start to Cut Fees as Investors Wise Up and Withdraw MoneySome Masters of the Universe are having their wings clipped. Hedge fund have co
Hedge Fund Comeuppance: Firms Hunker Down, Start to Cut Fees as Investors Wise Up and Withdraw Money
Naked Capitalism / Posted 13 days ago
Some Masters of the Universe are having their wings clipped. Hedge fund have continued to charge rich fees even as their results not only became more correlated with stocks but have undershot them. In other words, they’ve repeatedly failed to deliver... Read more
14d
Philly.com
How Pa. hires money managers for pension fundsup: Pennsylvania paid more than $600 million in fees to hundreds of private fir
How Pa. hires money managers for pension funds
Philly.com / Posted 14 days ago
up: Pennsylvania paid more than $600 million in fees to hundreds of private firms managing money for its state and school pension systems in 2015. Plus more in submanager fees, and profits that hedge funds and real estate managers pocket at... Read more
16d
The Valley Chronicle
Measure E: Opinion of The Valley Chronicle�s Publisher, Eric Buskirkit will be prohibited from joining forces in a consortium of communities in a J
Measure E: Opinion of The Valley Chronicle�s Publisher, Eric Buskirk
The Valley Chronicle / Posted 16 days ago
it will be prohibited from joining forces in a consortium of communities in a JPA (Joint Powers Authority), as have many California cities. Competition is good for business and it's good for government. We like our police and fire and we want to... Read more
16d
The Sacramento Bee
For health’s sake, CalPERS should stay out of tobacco investmentsin tobacco would pit CalPERS’s portfolio against the financial and physical wel
For health’s sake, CalPERS should stay out of tobacco investments
The Sacramento Bee / Posted 16 days ago
in tobacco would pit CalPERS’s portfolio against the financial and physical well-being of its members and other Californians. The tobacco industry inflicts more than $23 billion a year in health care and lost productivity costs upon... Read more
16d
CNBC
Why a California pension fund is betting on an Indiana toll road"Pension funds appear to be a natural investor for infrastructure given their n
Why a California pension fund is betting on an Indiana toll road
CNBC / Posted 16 days ago
"Pension funds appear to be a natural investor for infrastructure given their need for both diversification and asset liability management," said Doug Criscitello, executive director of MIT's Center for Finance and Policy. "Something has got to give.... Read more
17d
KPBS San Diego
Negative Mailers In San Diego Council Race Create Controversy"Barbara Bry & Chargers Agree: DOWNTOWN STADIUM!" But Bry opposes a downtown st
Negative Mailers In San Diego Council Race Create Controversy
KPBS San Diego / Posted 17 days ago
"Barbara Bry & Chargers Agree: DOWNTOWN STADIUM!" But Bry opposes a downtown stadium for the Chargers. She also opposes public funding for a Chargers stadium. The mailers refer to Bry's support of the Citizens' Plan for San Diego, a proposed... Read more
18d
Crain's New York Business
City's largest pension plan dumps hedge fundsThe board of the city's largest pension fund voted Thursday to boot hedge funds
City's largest pension plan dumps hedge funds
Crain's New York Business / Posted 18 days ago
The board of the city's largest pension fund voted Thursday to boot hedge funds out of its portfolio. The decision by the $55 billion New York City Employees' Retirement System comes after years of subpar performance and hefty fees paid out to hedge... Read more
2 related stories
18d
Jacksonville Daily Record
City notes: Nat Glover adds 'Great Floridian' to list of accoladesAfrican-American sheriff in Jacksonville in more than 100 years. Glover also h
City notes: Nat Glover adds 'Great Floridian' to list of accolades
Jacksonville Daily Record / Posted 18 days ago
African-American sheriff in Jacksonville in more than 100 years. Glover also has provided $250,000 to create a scholarship fund for low-income students in Jacksonville. �Nat is committed to making sure Florida students have an opportunity to... Read more
18d
Newsmax
Public Pensions Stick With Hedge Funds Despite Frustrationsto match — have recently produced losses or meager profits far below expectatio
Public Pensions Stick With Hedge Funds Despite Frustrations
Newsmax / Posted 18 days ago
to match — have recently produced losses or meager profits far below expectations. And thanks to a steady stream of bad publicity, public perception of the industry may be at an all-time low. At least one recent estimate found that clients are... Read more
6 related stories
19d
Reuters
Public pensions stick with hedge funds despite frustrationsTraders work on the floor of the New York Stock Exchange, March 28, 2016. NEW
Public pensions stick with hedge funds despite frustrations
Reuters / Posted 19 days ago
Traders work on the floor of the New York Stock Exchange, March 28, 2016. NEW YORK At quick glance, public pensions should be running from hedge funds. The secretive investment firms famous for their market-beating returns — and high fees to match... Read more
6 related stories
19d
The Lake County Record-Bee
How is knowing state debt totals bad for California voters?What the voters don’t know can’t hurt them — that seems to be the attitude of p
How is knowing state debt totals bad for California voters?
The Lake County Record-Bee / Posted 19 days ago
What the voters don’t know can’t hurt them — that seems to be the attitude of public employee unions and Democrats in the Legislature when it comes to the state’s debt. California has a red-ink problem — the “wall of debt,” Gov. Jerry Brown has... Read more
22d
Salon.com
The sharing economy will screw us all — and it’s retirement we have to be really worried aboutworkers nearing retirement have less than $30,000 in their 401(k)—they had inve
The sharing economy will screw us all — and it’s retirement we have to be really worried about
Salon.com / Posted 22 days ago
workers nearing retirement have less than $30,000 in their 401(k)—they had invested that small nest egg into several mutual funds. Unfortunately, the amount of their savings was nearly cut in half by the stock market collapses of 1999–2000 and... Read more
23d
The Berkeley Daily Planet
SENIOR POWER: Odds & Ends in May. Category10 years to work through. Congress placed a moratorium on the audits. The deba
SENIOR POWER: Odds & Ends in May. Category
The Berkeley Daily Planet / Posted 23 days ago
10 years to work through. Congress placed a moratorium on the audits. The debate over divesting coal and oil from the pension portfolio of the state of ______ appears to have smoked out an uncomfortable truth: Nearly 20 years after the state... Read more
23d
The Berkeley Daily Planet
Full Text of All Articles The Berkeley Daily Planet10 years to work through. Congress placed a moratorium on the audits. The deba
Full Text of All Articles The Berkeley Daily Planet
The Berkeley Daily Planet / Posted 23 days ago
10 years to work through. Congress placed a moratorium on the audits. The debate over divesting coal and oil from the pension portfolio of the state of ______ appears to have smoked out an uncomfortable truth: Nearly 20 years after the state... Read more
23d
Philly.com
Area public pension plans continue to miss targetsThe biggest public pension investment plans in Pennsylvania and New Jersey fell
Area public pension plans continue to miss targets
Philly.com / Posted 23 days ago
The biggest public pension investment plans in Pennsylvania and New Jersey fell below their target performance last year, making little or no profit. One year doesn't prove much. Markets vary; experts compare performance over longer horizons. But... Read more
24d
TheStreet.com
MetLife eyes hedge fund cuts after poor quarter- Get Report) executive on Thursday said the insurance giant expects to signifi
MetLife eyes hedge fund cuts after poor quarter
TheStreet.com / Posted 24 days ago
- Get Report) executive on Thursday said the insurance giant expects to significantly reduce its investments in hedge funds - following similar moves by other insurers and a big pension fund -- after it reported a lower than expected profit... Read more
25d
Reuters
CalPERS buys 10 percent share of toll road operator in IndianaCalpers headquarters is seen in Sacramento, California, October 21, 2009. Cali
CalPERS buys 10 percent share of toll road operator in Indiana
Reuters / Posted 25 days ago
Calpers headquarters is seen in Sacramento, California, October 21, 2009. California Public Employees' Retirement System said it bought a 10 percent share of the Indiana Toll Road Concession Co LLC (ITRCC) from fund manager IFM Investors, marking... Read more
25d
Naked Capitalism
Tough Private Equity Transparency Bill in Illinois Focuses on Indefensible Contract Terms, Beats California Bill on Fee Disclosure RequirementsEven though California was first to the table in having a state official propos
Tough Private Equity Transparency Bill in Illinois Focuses on Indefensible Contract Terms, Beats California Bill on Fee Disclosure Requirements
Naked Capitalism / Posted 25 days ago
Even though California was first to the table in having a state official propose path-breaking private equity transparency legislation, as we’ve written, that effort was already falling short of its promise due to the failure to define key terms.... Read more
25d
KESQ Palm Springs
Layoffs, hiring freezes loom for Riverside CountyContaining Riverside County's pension costs may require gradually downsizing, o
Layoffs, hiring freezes loom for Riverside County
KESQ Palm Springs / Posted 25 days ago
Containing Riverside County's pension costs may require gradually downsizing, or at the very least, freezing payrolls, the county's chief financial officer told the Board of Supervisors today. CFO Paul McDonnell submitted his observation during a... Read more
25d
The Hill
Overnight Finance: IRS hiring hundreds of new tax enforcersIRS BEEFS UP: The Internal Revenue Service is going to hire between 600 and 700
Overnight Finance: IRS hiring hundreds of new tax enforcers
The Hill / Posted 25 days ago
IRS BEEFS UP: The Internal Revenue Service is going to hire between 600 and 700 new employees focused on tax enforcement, the agency's head announced Tuesday. The addition will be the agency's first significant enforcement hiring in more than five... Read more
26d
Business Wire
Fitch Rates Yuba Community College District, CA's $77MM ULTGO Bonds 'AAA'; Outlook Stableassigned an 'AAA' rating to the following general obligation (GO) bonds to be i
Fitch Rates Yuba Community College District, CA's $77MM ULTGO Bonds 'AAA'; Outlook Stable
Business Wire / Posted 26 days ago
assigned an 'AAA' rating to the following general obligation (GO) bonds to be issued by Yuba Community College District, California: --$73.5 million GO refunding bonds (dedicated unlimited ad valorem property tax bonds), series 2016A... Read more
29d
The Mercury News
Pension claim denied for CEO of Silicon Valley nonprofita private foundation that raises money for the Santa Clara County Family Health
Pension claim denied for CEO of Silicon Valley nonprofit
The Mercury News / Posted 29 days ago
a private foundation that raises money for the Santa Clara County Family Health Plan made a bid for a lucrative government pension -- and lost. State retirement fund officials last week told Kathleen King, chief executive officer of the Healthier... Read more
30d
Philly.com
Candidates for Pa. treasurer pledge to ban 'middlemen'said Thursday that if elected, they would seek to ban the use of politically co
Candidates for Pa. treasurer pledge to ban 'middlemen'
Philly.com / Posted 30 days ago
said Thursday that if elected, they would seek to ban the use of politically connected firms as paid middlemen to drum up public business for investment firms. Democrat Joe Torsella was first. "Under my administration," he said in a statement,... Read more
3 related stories
30d
Philly.com
Candidates for Pa. treasurer pledge to ban 'middlemen' investment firmssaid Thursday that, if elected, they would seek to ban the use of politically-c
Candidates for Pa. treasurer pledge to ban 'middlemen' investment firms
Philly.com / Posted 30 days ago
said Thursday that, if elected, they would seek to ban the use of politically-connected firms as paid middlemen to drum up public business for investment firms. Democrat Joe Torsella was first. "Under my administration," he said in a statement,... Read more
3 related stories
1m
Philly.com
Pa. Treasurer candidate: Ban pension marketersconfirming cash-for-contracts deals with state investment managers and other se
Pa. Treasurer candidate: Ban pension marketers
Philly.com / Posted a month ago
confirming cash-for-contracts deals with state investment managers and other service contractors. After previous scandals, public funds in New York, California and other states have banned private investment managment contractors from paying... Read more
1m
New York Magazine
Activists Have Declared War on Hedge Funds — and They Might Be WinningThe anti-hedge fund movement at work. Photo: Nadia Damouni / Reuters When Hen
Activists Have Declared War on Hedge Funds — and They Might Be Winning
New York Magazine / Posted a month ago
The anti-hedge fund movement at work. Photo: Nadia Damouni / Reuters When Henry Garrido, the executive director of the largest municipal employees union in New York City, learned a year ago what a raw deal investing in hedge funds had been for his... Read more

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