Reuters News

The California Public Employees’ Retirement System, the biggest U.S. public pension fund, sees itself buying more stakes directly in assets such as roads and airports as it targets $5 billion in infrastructure investments, one of its portfolio managers said. “Direct investment is definitely a goal of our (infrastructure) program. We have a target of $5 […]

At issue is $50M in payments by Apollo and other firms The California Public Employees’ Retirement System announced last week that it is probing fees paid by outside money managers to win its business, expanding a review of “pay-to-play” schemes at public retirement systems that has spread nationwide. The $200 billion state pension fund said […]

At issue is $50M in payments by Apollo and other firms

CalPERS also to take the first steps toward snapping up distressed debt as slumping markets create some real bargains The California Public Employees’ Retirement System made headlines last week when it announced that it may boost its private equity allocation from 10% to 14 percent. A vote is scheduled for the pension fund’s board meeting […]

CalPERS said it may require that employers increase contributions by an estimated 2% to 4% of payroll The California Public Employees’ Retirement System (CalPERS), the largest U.S. public pension fund, said it may need to tap California public employers for more money if heavy investment losses it suffered in recent months do not reverse. CalPERS […]