Articles tagged "CalPERS"


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A hedgie defends hedge funds -- and their disparaged managers -- amid a tough PR run for the category

Pension funds won't hit their must-have 8% assumption rate on a bland diet of fixed-income and equities -- a carefully chosen manager can add much-needed spice

April 21, 2016 — 8:04 PM UTC

The exit of CalPERS' turnaround CEO Anne Stausboll raises the question of whether the pension Goliath's changes are too little, too late and mostly superficial

Stausboll made a big showing of cutting hedge funds and other active managers but her last big act was to pay up for a New York office tower, funded by the sale of a diversified real estate portfolio

April 18, 2016 — 8:12 PM UTC

CalPERS's hatchet man, Ted Eliopoulos, goes on a manager firing spree, shaving hundreds of millions in management fees -- but is it enough?

For its most recent fiscal year, the pension giant paid $1.6 billion in fees, with close to 90% of that money going to the real estate, private equity, and egregiously pricey hedge fund managers

June 23, 2015 — 3:04 PM UTC

WSJ: CalPERS questions its own ability to execute winning trades

Candidates for the chopping block in the pension fund's strategy rethink include individual stocks and hedge funds -- and a retreat from its accustomed role as trading macher

August 12, 2014 — 4:08 PM UTC

Why some pension experts believe CalPERs got 'nothing' out of paying Towers Watson $275,000 to define its 'beliefs'

The pension giant responds by saying that 'no specific deliverables' came out of the process

January 14, 2014 — 5:07 AM UTC

What I learned from the CalPERS meeting in which the 10 Beliefs were unveiled -- and why I came away mystified

As a risk manager I was looking for trailblazing thinking but the bland statements of belief were quite the opposite

October 2, 2013 — 5:27 PM UTC

The 401(k) industry braces itself for fruits of a CalPERS rethink that reflects a cut-the-crap mentality about active investing

A giant staff of researchers and managers -- not always in accord -- manages $260 billion of assets exerts psychological weight, and active management is losing friends in a place where it once thrived

September 12, 2013 — 8:30 PM UTC

A careful look into whether CalPERS is ticking along or a ticking time bomb

The $270-billion giant seems more grounded after some investing misadventures, but the unfunded-liability horse may be out of the barn

September 4, 2013 — 3:12 AM UTC
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