California Public Employees Pension Fund

Latest stories

5h
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 5 hours 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
20h
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 20 hours 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
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1d
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 yesterday
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
4 related stories
1d
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 yesterday
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
1d
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 yesterday
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
1d
Orange County Register
Sending taxpayers to debtors' prisonThe California Correctional Peace Officers Association, which represents more t
Sending taxpayers to debtors' prison
Orange County Register / Posted yesterday
The California Correctional Peace Officers Association, which represents more than 30,000 state prison guards and parole agents, is one of the most powerful public employee unions in the state, behind the teachers unions. Its latest contract proposal... Read more
2d
The Monterey County Herald
Kenneth Petersen, Financial Planning: Investor’s quizfacts. Or, maybe this is more a game of investment trivia. In any case, I hope
Kenneth Petersen, Financial Planning: Investor’s quiz
The Monterey County Herald / Posted 2 days ago
facts. Or, maybe this is more a game of investment trivia. In any case, I hope you enjoy it. OK, here we go: 1. The California Public Employees’ Retirement Systems (CalPERS), as of April 1, manages $290.7 billion in their Total Fund, which... Read more
2d
The Sacramento Bee
Feds issue arrest warrant for ex-CalPERS chief BuenrostroAlfred Villalobos, a Lake Tahoe businessman who was seeking CalPERS investment
Feds issue arrest warrant for ex-CalPERS chief Buenrostro
The Sacramento Bee / Posted 2 days ago
Alfred Villalobos, a Lake Tahoe businessman who was seeking CalPERS investment deals for his clients. Buenrostro ran the California Public Employees’ Retirement System, the nation’s largest public pension fund, from 2002 to 2008. Villalobos, who... Read more
2 related stories
3d
Business Wire
Fitch Rates $38MM Temecula Valley USD, CA's GOs 'AATexas--(BUSINESS WIRE)--Fitch Ratings has assigned a 'AA-' rating to the follow
Fitch Rates $38MM Temecula Valley USD, CA's GOs 'AA
Business Wire / Posted 3 days ago
Texas--(BUSINESS WIRE)--Fitch Ratings has assigned a 'AA-' rating to the following Temecula Valley Unified School District, California's: --$37.5 million general obligation bonds, 2012 election, series 2016-B. The bonds will sell via negotiated... Read more
14 related stories
3d
Naked Capitalism
Our Bloomberg Story: Don't Let Private Equity Dupe Californiaabuses in private equity, such as charging authorized fees, which in most walks
Our Bloomberg Story: Don't Let Private Equity Dupe California
Naked Capitalism / Posted 3 days ago
abuses in private equity, such as charging authorized fees, which in most walks of life would be called embezzlement, California Treasurer John Chiang, who also sits on the boards of mega public pension funds CalPERS and CalSTRS, proposed... Read more
4d
The Sacramento Bee
Sacramento’s spending plan is right to boost public safetyit expires in 2019. Shirey cautions that while the city is benefiting from a s
Sacramento’s spending plan is right to boost public safety
The Sacramento Bee / Posted 4 days ago
it expires in 2019. Shirey cautions that while the city is benefiting from a strong economic recovery, its labor and pension costs are rising – at least $5 million more in 2017-18. The biggest union contracts expire in the next two years, any... Read more
4d
TheStreet.com
Mayo's Comerica rant puts critical focus on Soviet-Era board membersof people living and working longer; given a choice, many board members simply
Mayo's Comerica rant puts critical focus on Soviet-Era board members
TheStreet.com / Posted 4 days ago
of people living and working longer; given a choice, many board members simply hang on to the lucrative part-time gig. The California Public Employees' Retirement System, or CalPERS, the largest state pension fund at $297 billion, adopted a... Read more
5d
The Daily Californian
Berkeley Police Department's budget to increase in 2016, 2017 fiscal yearsin budgetary discussions. In fiscal year 2016, about 92 percent of the BPD bud
Berkeley Police Department's budget to increase in 2016, 2017 fiscal years
The Daily Californian / Posted 5 days ago
in budgetary discussions. In fiscal year 2016, about 92 percent of the BPD budget was allocated from the city’s general fund, with the remaining amount funded through federal grants, state and county grants and parking funds, among other... Read more
5d
Business Insider
Investors are fleeing hedge funds in drovesIn September 2014, the $300-billion California Public Employees’ Retirement Sys
Investors are fleeing hedge funds in droves
Business Insider / Posted 5 days ago
In September 2014, the $300-billion California Public Employees’ Retirement System, the nation’s largest pension fund, announced that it would liquidate over the following year its investments totaling $4 billion in 24 hedge funds and six... Read more
4 related stories
7d
Fortune
Hedge Fund Outflows Will Reach At Least $25 Billion This YearAs investors grew increasingly wary about hedge fund performance, they pulled o
Hedge Fund Outflows Will Reach At Least $25 Billion This Year
Fortune / Posted 7 days ago
As investors grew increasingly wary about hedge fund performance, they pulled out a whopping $15 billion in the first quarter of 2016 alone. That’s the highest level of outflows from hedge funds since the second quarter 2009, when investors redeemed... Read more
4 related stories
7d
Naked Capitalism
Investors Dump Hedge Funds Due to Lousy Performance, High FeesYves here. I was remiss in not writing up an important story yesterday, on how
Investors Dump Hedge Funds Due to Lousy Performance, High Fees
Naked Capitalism / Posted 7 days ago
Yves here. I was remiss in not writing up an important story yesterday, on how hedge funds are finally getting long-overdue pushback from investors on the lousy connection between fees and performance. We flagged this issue in our very first post in... Read more
4 related stories
8d
Daily Journal
COMMENTARY: Pension problem goes beyond benefitssheets. As the Obama administration has noted in each of the last three edition
COMMENTARY: Pension problem goes beyond benefits
Daily Journal / Posted 8 days ago
sheets. As the Obama administration has noted in each of the last three editions of its “Economic Report of the President,” public pension obligations relative to revenue are at a 50-year high. Costs have been rising more rapidly than revenues,... Read more
8d
Orlando Sentinel
VW sued for $3.7 billion in Germany over diesel scandalincluding the U.S., Australia, Germany, Canada, the Netherlands, and the U.K. A
VW sued for $3.7 billion in Germany over diesel scandal
Orlando Sentinel / Posted 8 days ago
including the U.S., Australia, Germany, Canada, the Netherlands, and the U.K. Among the plaintiffs is CalPERS, the giant pension fund for government employees in California. Volkswagen had no immediate comment on the suit, but has said that... Read more
9d
Investopedia
Alternative Investments: How The Game Has Changed for Retail Investorsand cash. An alternative investment does not fit into these traditional categor
Alternative Investments: How The Game Has Changed for Retail Investors
Investopedia / Posted 9 days ago
and cash. An alternative investment does not fit into these traditional categories. Private equity investments and hedge funds are considered alternative investments, as are commodities, derivatives, managed futures and real estate. Until... Read more
9d
The Sacramento Bee
CalPERS puts off decision on tobacco reinvestmentIt turns out CalPERS isn’t quite ready to take up the tobacco habit after all.
CalPERS puts off decision on tobacco reinvestment
The Sacramento Bee / Posted 9 days ago
It turns out CalPERS isn’t quite ready to take up the tobacco habit after all. The big California pension fund Wednesday unexpectedly postponed a plan, adopted two days earlier, to launch an extensive study of whether it should reinvest in tobacco... Read more
10 related stories
9d
The Sacramento Bee
CalPERS sets higher pension contribution ratesan additional $342 million, to a total of nearly $1.7 billion a year. While tea
CalPERS sets higher pension contribution rates
The Sacramento Bee / Posted 9 days ago
an additional $342 million, to a total of nearly $1.7 billion a year. While teachers are covered by CalSTRS, other school employees get their pensions from CalPERS. It’s the latest in a series of rate hikes implemented by the California Public... Read more
10d
Fortune
After 16 Years Off, CalPERS Might Take Up Smoking AgainThe California Public Employees’ Retirement System decided on Monday to review
After 16 Years Off, CalPERS Might Take Up Smoking Again
Fortune / Posted 10 days ago
The California Public Employees’ Retirement System decided on Monday to review the potential impact of reinvesting in tobacco, 16 years after the pension fund dropped the controversial asset from its portfolio. The move to review tobacco divestment... Read more
10 related stories
10d
The Sacramento Bee
CalPERS reopens door to tobacco industry investmentsup to 24 months before any deals are made. After months of discussion, and a s
CalPERS reopens door to tobacco industry investments
The Sacramento Bee / Posted 10 days ago
up to 24 months before any deals are made. After months of discussion, and a study by a consulting firm showing that the California Public Employees’ Retirement System forfeited an estimated $3 billion in investment profits by shedding its... Read more
10 related stories
11d
The Youngstown Vindicator
Calif. pension system reconsiders tobacco divestmentAssociated Press SACRAMENTO, Calif. The board overseeing the nation’s largest
Calif. pension system reconsiders tobacco divestment
The Youngstown Vindicator / Posted 11 days ago
Associated Press SACRAMENTO, Calif. The board overseeing the nation’s largest public-employee pension fund will consider reinvesting in tobacco stocks it sold off more than a decade ago. The California Public Employees’ Retirement System... Read more
10 related stories
11d
Orange County Register
California pension fund won't drop tobacco divestment talksSACRAMENTO – The board overseeing the nation’s largest public-employee pension
California pension fund won't drop tobacco divestment talks
Orange County Register / Posted 11 days ago
SACRAMENTO – The board overseeing the nation’s largest public-employee pension fund will consider reinvesting in tobacco stocks it sold off more than a decade ago. The California Public Employees’ Retirement System investment committee decided... Read more
10 related stories
11d
Salon.com
California pension fund won’t drop tobacco divestment talksSACRAMENTO, Calif. (AP) — The board overseeing the nation’s largest public-empl
California pension fund won’t drop tobacco divestment talks
Salon.com / Posted 11 days ago
SACRAMENTO, Calif. (AP) — The board overseeing the nation’s largest public-employee pension fund will consider reinvesting in tobacco stocks it sold off more than a decade ago. The California Public Employees’ Retirement System investment committee... Read more
10 related stories
11d
KTVN Reno
California pension fund won't drop tobacco divestment talksSACRAMENTO, Calif. (AP) - The board overseeing the nation's largest public-empl
California pension fund won't drop tobacco divestment talks
KTVN Reno / Posted 11 days ago
SACRAMENTO, Calif. (AP) - The board overseeing the nation's largest public-employee pension fund has decided to consider reinvesting in tobacco stocks it sold off more than a decade ago. The California Public Employees' Retirement System investment... Read more
10 related stories
11d
San Antonio Express-News
It’s a Crucial Year to Address Climate Change in Our Portfoliosforecast Proxy Preview 2016 (registration required) -- an annual, comprehensiv
It’s a Crucial Year to Address Climate Change in Our Portfolios
San Antonio Express-News / Posted 11 days ago
forecast Proxy Preview 2016 (registration required) -- an annual, comprehensive report on shareholder resolutions filed at public companies compiled and published by As You Sow, Sustainable Investments Institute, and Proxy Impact -- reveals... Read more
12d
Lake Tahoe News
Financial workings of South Tahoe unveiledof the consequences of those actions. Everything that goes on in the city touc
Financial workings of South Tahoe unveiled
Lake Tahoe News / Posted 12 days ago
of the consequences of those actions. Everything that goes on in the city touches the finance department because those employees are the keepers of money. Carlson, along with Maryann Brandt, who is the manager of the department, delved into... Read more
13d
Orange County Register
Finding money for big infrastructure projectsOrange County, California and the federal government all continue to struggle t
Finding money for big infrastructure projects
Orange County Register / Posted 13 days ago
Orange County, California and the federal government all continue to struggle to find the funding for major infrastructure projects. Infrastructure that is paid for via user fees (airports, electricity, toll roads, water supply) has a built-in... Read more
14d
Bankrate.com
Where Does Social Security Tax Go? - Bankrateand a looming deficit. In fact, Social Security invests all the money that com
Where Does Social Security Tax Go? - Bankrate
Bankrate.com / Posted 14 days ago
and a looming deficit. In fact, Social Security invests all the money that comes in from all those paychecks into 2 trust funds: The portolios of both trust funds are debt obligations of the U.S.government. Both trust funds are managed by the... Read more
14d
NBC News
'Let Them Sell Their Summer Homes': NYC Pension Dumps Hedge FundsNew York City's largest public pension is exiting all hedge fund investments in
'Let Them Sell Their Summer Homes': NYC Pension Dumps Hedge Funds
NBC News / Posted 14 days ago
New York City's largest public pension is exiting all hedge fund investments in the latest sign that the $4 trillion public pension sector is losing patience with these often secretive portfolios at a time of poor performance and high fees. The... Read more
4 related stories
15d
Newsmax
Teacher Union's Weingarten: Let's Dump Hedge-Fund InvestmentsRandi Weingarten, president of the American Federation of Teachers, is asking t
Teacher Union's Weingarten: Let's Dump Hedge-Fund Investments
Newsmax / Posted 15 days ago
Randi Weingarten, president of the American Federation of Teachers, is asking the New York City Employees' Retirement System to pull money out of hedge funds. "Hedge funds are becoming a bad bet for working families,” the union head said in a... Read more
15d
Channel NewsAsia
'Let them sell their summer homes': NYC pension dumps hedge fundsNEW YORK: New York City's largest public pension is exiting all hedge fund inve
'Let them sell their summer homes': NYC pension dumps hedge funds
Channel NewsAsia / Posted 15 days ago
NEW YORK: New York City's largest public pension is exiting all hedge fund investments in the latest sign that the US$4 trillion public pension sector is losing patience with these often secretive portfolios at a time of poor performance and high... Read more
4 related stories
15d
The Huffington Post
New York City's Public Advocate Just Told Hedge Funds To Shove ItThe board of the New York City Employees Retirement System (NYCERS) voted to "l
New York City's Public Advocate Just Told Hedge Funds To Shove It
The Huffington Post / Posted 15 days ago
The board of the New York City Employees Retirement System (NYCERS) voted to "liquidate NYCERS hedge fund investments as soon as practicable in an orderly and prudent manner" and "cease future hedge fund allocation." The move by the fund, which had... Read more
4 related stories
15d
Market Watch
New York City public pension pulls hedge fund investmentsThe board of trustees for New York City’s biggest employee pension fund voted T
New York City public pension pulls hedge fund investments
Market Watch / Posted 15 days ago
The board of trustees for New York City’s biggest employee pension fund voted Thursday to pull its investments from hedge funds, the latest in a growing list of pension funds giving a cold shoulder to the hedge-fund industry. The resolution... Read more
4 related stories
15d
Reuters
'Let them sell their summer homes': New York City pension dumps hedge fundslevel of the Empire State Building in the Manhattan borough of New York Februar
'Let them sell their summer homes': New York City pension dumps hedge funds
Reuters / Posted 15 days ago
level of the Empire State Building in the Manhattan borough of New York February 4, 2015. NEW YORK New York City's largest public pension fund voted on Thursday to unwind all of its hedge fund investments in a sign of the growing dissatisfaction... Read more
15d
CNBC
NYC's largest public pension drops hedge fundsThe move by the $60.5 billion fund signals mounting dissatisfaction with hedge
NYC's largest public pension drops hedge funds
CNBC / Posted 15 days ago
The move by the $60.5 billion fund signals mounting dissatisfaction with hedge funds among public pension funds administrators. It follows a similar action by the California Public Employees' Retirement System (Calpers), the nation's largest public... Read more
15d
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 15 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 $60 billion New York City Employees' Retirement System comes after years of subpar performance and hefty fees paid out to hedge... Read more
15d
Zero Hedge
Hedge Funds Slammed: Tudor Hit With $1BN In Redemptions; NYC Pensions To Pull $1.5BN From Key NamesIn a world in which the average hedge fund has failed to outperform the stock m
Hedge Funds Slammed: Tudor Hit With $1BN In Redemptions; NYC Pensions To Pull $1.5BN From Key Names
Zero Hedge / Posted 15 days ago
In a world in which the average hedge fund has failed to outperform the stock market for 8 years running, many have asked themselves what is the point of paying 2 and (not so much 20) to consistently underperform a global asset class which is now... Read more
17d
Business Wire
Fitch Rates Plano, TX GOs 'AAA'; Outlook Stable'AAA' rating to the following Plano, Texas (the city) tax-supported obligations
Fitch Rates Plano, TX GOs 'AAA'; Outlook Stable
Business Wire / Posted 17 days ago
'AAA' rating to the following Plano, Texas (the city) tax-supported obligations: --$67.8 million general obligation (GO) refunding and improvement bonds, series 2016. The Rating Outlook is Stable. SECURITY The bonds are payable from a limited ad... Read more
9 related stories
18d
Local 6 Orlando
SeaWorld shareholder lawsuit dismissedmake no direct allegations regarding surveys, market research, models, data, or
SeaWorld shareholder lawsuit dismissed
Local 6 Orlando / Posted 18 days ago
make no direct allegations regarding surveys, market research, models, data, or other reports that show any of the negative publicity prevented people who would have otherwise visited a SeaWorld Entertainment park… from doing so,” wrote Anello. The... Read more
21d
Mountain View Voice
Candidates vie for chance to represent District 24Much like the district's constituency, the field is predominantly Democratic, t
Candidates vie for chance to represent District 24
Mountain View Voice / Posted 21 days ago
Much like the district's constituency, the field is predominantly Democratic, though it does include a Republican (Menlo Park City Councilman Peter Ohtaki) and a Libertarian (Mountain View City Councilman John Inks). And they come from all over the... Read more
21d
Philly.com
DuPont boss Kullman on corporate decline, myopic investors and why wages fallwith companies. Our state is very forward-thinking and wants business to succee
DuPont boss Kullman on corporate decline, myopic investors and why wages fall
Philly.com / Posted 21 days ago
with companies. Our state is very forward-thinking and wants business to succeed here. Will automation replace most employees? (student question from Brandon Farrell '15) In almost every venue I have been, there is real concern that people... Read more
21d
Boston Globe
Natixis CEO in email urges counsel to keep protesting California hotel workers at bayIt’s a long way from cleaning hotel rooms in southern California to occupying a
Natixis CEO in email urges counsel to keep protesting California hotel workers at bay
Boston Globe / Posted 21 days ago
It’s a long way from cleaning hotel rooms in southern California to occupying a corner office in Paris. But apparently not long enough for Pierre Servant, chief executive of Natixis Global Asset Management. When union organizers for 150 workers at... Read more
21d
Palo Alto Weekly
Candidates vie for chance to represent District 24Much like the district's constituency, the field is predominantly Democratic, t
Candidates vie for chance to represent District 24
Palo Alto Weekly / Posted 21 days ago
Much like the district's constituency, the field is predominantly Democratic, though it does include a Republican (Menlo Park City Councilman Peter Ohtaki) and a Libertarian (Mountain View City Councilman John Inks). And they come from all over the... Read more
22d
Chicago Tribune
VW sued for $3.7 billion in Germany over diesel scandalincluding the U.S., Australia, Germany, Canada, the Netherlands, and the U.K. A
VW sued for $3.7 billion in Germany over diesel scandal
Chicago Tribune / Posted 22 days ago
including the U.S., Australia, Germany, Canada, the Netherlands, and the U.K. Among the plaintiffs is CalPERS, the giant pension fund for government employees in California. Volkswagen had no immediate comment on the suit, but has said that... Read more
22d
Orange County Register
How CalPERS let $3 billion go up in smokeIt seems that the California Public Employees’ Retirement System is having a bi
How CalPERS let $3 billion go up in smoke
Orange County Register / Posted 22 days ago
It seems that the California Public Employees’ Retirement System is having a bit of seller’s remorse regarding its decision to drop its pension fund investments in tobacco companies. CalPERS is rethinking its 15-year policy banning investments in... Read more
23d
The Sacramento Bee
CalPERS should not take up the tobacco habit againA financial analysis documenting the price that the California Public Employees
CalPERS should not take up the tobacco habit again
The Sacramento Bee / Posted 23 days ago
A financial analysis documenting the price that the California Public Employees’ Retirement System has paid for its 15 years of refusing to invest in tobacco shows the sober reality of aligning institutional money with morality. CalPERS’ 2001... Read more
23d
Business Wire
Fitch Rates $1.5B California GOs 'A+'; Outlook StableWIRE)--Fitch Ratings has assigned an 'A+' rating to the following general oblig
Fitch Rates $1.5B California GOs 'A+'; Outlook Stable
Business Wire / Posted 23 days ago
WIRE)--Fitch Ratings has assigned an 'A+' rating to the following general obligation (GO) bonds of the state of California: --$237 million federally taxable various purpose general purpose (GO) bonds; --$232.6 million tax-exempt... Read more
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