Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 122 results for "CalPERS"

Another US pension giant exits hedge funds

MARK SMITH  |  TUESDAY, 19 APR 2016
... giant US pension fund has publically shunned the hedge fund sector. The California Public Employees' Retirement System (CalPERS), which is the largest public pension plan in the US with more than 1.6 million members, publically exited the fund type in ...

CalPERS urges Rio Tinto to report climate change risk

DARREN SNYDER  |  TUESDAY, 12 APR 2016
Rio Tinto is supportive of a resolution co-filed by US pension fund CalPERS requesting the global mining giant provide an annual report on environmental risks and opportunities associated with climate change. CalPERS holds about 250,000 shares in Rio ...

Board members lose independence after 12 years: CalPERS

DARREN SNYDER  |  TUESDAY, 15 MAR 2016
... on the same board are at risk of compromising their independence. The California Public Employees' Retirement System (CalPERS) has revised its global governance principles and requests that should a director reach 12 years of service, companies should ...

CalPERS and Moody's settle for $130 million

DARREN SNYDER  |  FRIDAY, 11 MAR 2016
The California Public Employees' Retirement System (CalPERS) has settled with Moody's for a record US$130 million for its erroneous ratings of structured investment vehicles prior to the Global Financial Crisis. The lawsuit tops CalPERS' US$125 million ...

CalPERS chief executive retires

DARREN SNYDER  |  FRIDAY, 22 JAN 2016
... executive after Anne Stausboll announced she will retire in June 2016. The California Public Employees' Retirement System (CalPERS) announced overnight that Stausboll will leave the system after more than seven years at the helm. In a statement Stausboll ...

CalPERS sells $4.2bn in real estate assets

LAURA MILLAN  |  TUESDAY, 17 NOV 2015
The California Public Employees' Retirement System (CalPERS) will sell US$3 billion ($4.2 billion) in assets from its real estate investment portfolio. CalPERS will sell the stake to Blackstone's Strategic Partners Fund Solutions, and it includes 43 ...

California pension giants must divest from coal

MARK SMITH  |  MONDAY, 12 OCT 2015
US pension fund giant CalPERS and CalSTRS must divest their positions in coal companies after a new bill was signed into law in California last week. California governor Edmund Brown announced the signing of the bill on his website. The move is in line ...

Private equity shift keeping investors busy

DARREN SNYDER  |  WEDNESDAY, 9 SEP 2015
... 2.4 times the amount of money drawn. In Europe it was about 2.2 times," Collier said. According to US-based pension fund CalPERS, investment returns on its private equity program have averaged more than 10% for investment periods greater than three years. ...

Hedge funds face brain drain

LAURA MILLAN, MARK SMITH  |  MONDAY, 24 AUG 2015
... low fees might be more acute in Australia, investors globally have started to shun hedge funds. Giant US pension fund CalPERS was among the first to enter the space, and the first to leave it in September 2014. At the same time, the Dodd-Frank reforms ...

World's largest sovereign wealth fund divests coal

ALEX BURKE  |  THURSDAY, 28 MAY 2015
... leading universities. It has been reported this week that the US$308 billion California Public Employees' Retirement System (CalPERS) is also taking another step in its move to integrate greater ESG analysis among its managers in all asset classes. The ...