The largest public pension fund in the U.S., the California Public Employees’ Retirement System (Calpers), will vote in favor of a shareholder proposal requiring Berkshire Hathaway to remove Warren Buffett…
Tag: CalPERS
CalPERS’ Untimely Tail-Hedge Unwind: The Inside Story
After “cutting its crash-hedging program as part of a cost-curtailment effort and because of a lack of understanding of how tail hedges work,” the California Public Employees’ Retirement System (CalPERS)…
CalPERS Fires Bulk of Equity Managers
The $380 billion California Public Employees’ Retirement System (CalPERS), the largest in the U.S., has fired most of its external equity managers, cutting their allocation from $33.6 billion to $5.5…
CalPERS Moves $150 billion Under New Strategic Asset Allocation
As part of the implementation of a new strategic asset allocation adopted in December 2017, the California Public Employees’ Retirement System shifter $150 billion. This according to an article in…
CalPERS Urged to Exceed 7% Return Projections
Concerns that municipalities won’t be able to meet pension payment requirements has led the League of California Cities to urge the CalPERS Investment Committee to think “out of the box”…