Articles tagged "CalPERS"
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 at 8:04 PM
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 at 8:12 PM
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 at 3:04 PM
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 at 4:08 PM
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 at 5:07 AM
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 at 5:27 PM
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 at 8:30 PM
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