Trusted Insighthttp://thetrustedinsight.com/2022-09-02T10:01:10.629338-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Cedars-Sinai Selects Pasy Wang As Vice President, Chief Investment Officer
2022-09-02T10:01:10.629338-04:00https://www.thetrustedinsight.com/investment-news/cedars-sinai-selects-pasy-wang-as-vice-president-chief-investment-officer-20220902087/
In this newly created leadership role, Pasy Wang will design and manage Cedars-Sinai's investment portfolio to support organizational growth and critical patient care for the community. Wang comes to Cedars-Sinai from the California Institute of Technology (Caltech), where she served as senior managing director of investments for the university's Investment Office.
California Teachers’ Pension System Increases Co-Investing
2021-03-03T10:58:26.237893-05:00https://www.thetrustedinsight.com/investment-news/california-teachers-pension-system-increases-co-investing-20210303488/
One of California’s largest public pension plans meaningfully stepped up its co-investment activity during the six-month period ended 30 September as it sought to reduce fee expenses and become more engaged in the investing process.
U.S. Pension System Ramps Up Co-Investing
2020-09-02T09:30:14.092254-04:00https://www.thetrustedinsight.com/investment-news/us-pension-system-ramps-up-co-investing-20200902012/
Fallout from the coronavirus pandemic failed to slow a push into private equity co-investments by one of California’s largest public pension plans during this year’s first half. The $253.6B California State Teachers’ Retirement System ramped up commitments to both co-investing alongside fund general partners and to opportunistic debt funds.
Hedge Fund Collects $3B In Bet On Wildfire Insurance Claims
2020-08-25T10:27:40.865664-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-collects-3b-in-bet-on-wildfire-insurance-claims-20200825572/
Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires.
CalPERS Investment Chief Abruptly Resigns
2020-08-06T09:48:05.836276-04:00https://www.thetrustedinsight.com/investment-news/calpers-investment-chief-abruptly-resigns-20200806684/
California Public Employees’ Retirement System Investment Chief Ben Meng has resigned after about a year and a half in the position at the nation’s largest pension fund, according to the fund. It marks an abrupt exit for the investment chief, who set out to implement a reform agenda at the giant pension.
City Of San José Leveraging Its Proximity To Silicon Valley | CIO Prabhu Palani | Q&A
2020-05-29T20:47:51.391406-04:00https://www.thetrustedinsight.com/investment-news/city-of-san-jose-leveraging-its-proximity-to-silicon-valley-cio-prabhu-palani-qa-20200529564/
Prabhu Palani is the CIO of the City of San Jose's Retirement System, one of the 10 largest cities in the U.S., where he manages a $6 billion multi-asset class portfolio for two distinct plans. In this interview, he discusses his successful experiences working with some of the largest institutional buy-side firms, why the City of San José takes on an endowment-like approach with exposure to private asset classes, and how he plans on leveraging the proximity to Silicon Valley to generate healthy returns.
Investor Bill Ackman Pitched To Move Tesla's HQ To Howard Hughes Community
2020-05-22T07:51:07.456396-04:00https://www.thetrustedinsight.com/investment-news/billionaire-investor-bill-ackman-pitched-elon-musk-to-move-teslas-hq-to-a-howard-hughes-community-heres-why-markets-insider-20200522105/
The hedge-fund boss asked Musk to consider three of Howard Hughes' communities for Tesla's new base. Musk threatened to move Tesla out of California this month after officials ordered him not to reopen the electric-car maker's factory due to local lockdown measures.
U.S. Lawmaker Calls For Ouster Of CalPERS CIO Over China Ties
2020-02-12T18:31:06.478809-05:00https://www.thetrustedinsight.com/investment-news/us-lawmaker-calls-for-ouster-of-calpers-cio-over-china-ties-letter-20200212306/
A U.S. Republican lawmaker urged California to fire the chief investment officer of its public pension fund, the nation’s largest, citing what he called the CIO’s “long and cozy” relationship with Beijing, and assailed the fund’s investments in Chinese companies.
CalPERS To Decide On Fate Of Current Investment Consultant Contracts
2019-11-15T18:31:06.185088-05:00https://www.thetrustedinsight.com/investment-news/calpers-investment-committee-to-decide-on-fate-of-current-investment-consultant-contracts-20191115747/
The investment committee of CalPERS plans to make a decision on whether to retain Wilshire Associates as its general investment consultant and Meketa Investment Group as its private equity consultant, real estate consultant, and infrastructure consultant.
Why $4.5B From Big Tech Won’t End California Housing Crisis
2019-11-06T12:01:07.578708-05:00https://www.thetrustedinsight.com/investment-news/why-45b-from-big-tech-wont-end-california-housing-crisis-the-new-york-times-20191106899/
Efforts by Apple, Facebook and Google to address the California housing crunch must contend with the forces that created it.
CalSTRS To Bump Up Real Estate Allocation By 2%
2019-09-02T08:31:08.358082-04:00https://www.thetrustedinsight.com/investment-news/calstrs-to-bump-up-real-estate-allocation-by-2-news-ipe-ra-20190902915/
The changes will help improve diversification, enhance portfolio down-side protection and take advantage of the risk-return profile of private assets as outlined in the investor’s ”collaborative model” initiative.
CalSTRS Pension Fund Falls Short Of Investment Return Target
2019-07-23T19:01:04.822078-04:00https://www.thetrustedinsight.com/investment-news/calstrs-pension-fund-falls-short-of-investment-return-target-the-sacramento-bee-20190723732/
“It was a roller coaster year and a very challenging environment in which to generate returns,” said CalSTRS CIO Christopher Ailman. “Thanks to the in-house expertise of our investment team, we were able to come very close to our assumed rate of return despite the instability of the market.”
CalSTRS CIO Says Markets Are Unprepared
2019-05-07T16:01:05.197850-04:00https://www.thetrustedinsight.com/investment-news/climate-change-investing-calstrs-cio-says-markets-are-unprepared-20190507003/
Chris Ailman, CIO of the California State Teachers' Retirement System — the second-largest pension fund in the US, with $228 billion under management — warns that investors and companies are overlooking climate change.
Board Members Want CalPERS To Start Co-Investing
2019-04-15T18:31:04.619984-04:00https://www.thetrustedinsight.com/investment-news/board-members-want-calpers-to-start-co-investing-20190415179/
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How Fast Can CalPERS’ $360 Billion Grow?
2019-03-21T19:01:05.249406-04:00https://www.thetrustedinsight.com/investment-news/calpers-cios-360b-challenge-earn-7-percent-every-year-20190321208/
Ben Meng’s plans to improve returns hinge on private equity. Unlike owning stocks and bonds, investing in private equity funds means holding illiquid stakes in companies that may take years to realize their value.
China VC Fund Implicates Stanford Management Company In Lawsuit
2018-09-11T16:42:25.271240-04:00https://www.thetrustedinsight.com/investment-news/lawsuit-against-stanford-management-company-for-fraud-20180911132/
Medical artificial intelligence technology company MedWhat.com, Inc and its CEO Arturo Devesa, have filed a lawsuit for fraud in the Supreme Court of California in San Francisco against their investor Stanford Management Company (SMC).
University Of California Endowment Assets Grow 15.1%, Outperforming Benchmark
2017-09-13T12:02:01.919205-04:00https://www.thetrustedinsight.com/investment-news/university-of-california-endowment-assets-grow-151-outperforming-benchmark-20170913727/
The UC endowment grew 15.1 percent for the year ending June 30, 2017, outperforming its policy benchmark by 2.6 percent. Chief Investment Officer Jagdeep Singh Bachher, who joined UC in April 2014, said he is proud of what his team has achieved.
UC Endowment Boosts Real Assets Allocation By 2%
2017-08-16T22:44:06.871742-04:00https://www.thetrustedinsight.com/investment-news/uc-endowment-boosts-real-assets-allocation-by-2-20170816495/
The University of California General Endowment Pool has increased its real assets target weighting by 2% and integrated real estate into the allocation.
California Pension Fund Divests From Coal Despite Industry Rebound
2017-08-08T10:43:12.475096-04:00https://www.thetrustedinsight.com/investment-news/california-pension-fund-divests-from-coal-as-industry-rebounds-20170808365/
Coal stocks are on the rebound, but California’s main public pension fund won’t see investment gains from that industry.
California Teacher Pension System Beats Earnings Target
2017-08-03T10:45:30.043482-04:00https://www.thetrustedinsight.com/investment-news/california-teacher-pension-system-beats-earnings-target-20170803334/
California's teacher pension system says it earned a 13.4 percent return on its investments in the last fiscal year. The earnings reported Thursday surpass the 7 percent target for the first time in three years.
Buffett's Berkshire Hathaway Amasses A Western Energy Force
2017-07-25T10:07:48.596617-04:00https://www.thetrustedinsight.com/investment-news/buffetts-berkshire-hathaway-amasses-a-western-energy-force-20170725175/
<p>From California to the Midwest, billionaire investor Warren Buffett is steadily building an energy powerhouse.</p>
<p>Buffett’s Berkshire Hathaway Energy subsidiary has gobbled up utilities and natural gas pipelines and tapped into clean energy production, including from Southern California’s abundant geothermal resources.</p>
CalSTRS Real Estate Outperforms Benchmark
2017-07-24T23:56:06.626719-04:00https://www.thetrustedinsight.com/investment-news/calstrs-earns-81-return-from-real-estate-20170724165/
The California State Teachers Retirement System’s (CalSTRS) real estate portfolio posted an 8.1% return in its 2016-17 financial year. Christopher Ailman, CIO at CalSTRS, said: “We intentionally keep our eyes focused on a 30-year horizon and make our adjustments with that timeframe in mind, rather than reactively responding to any given situation at hand.”
CalPERS Outperforms Real Estate And Infrastructure Benchmarks
2017-07-20T10:59:52.094443-04:00https://www.thetrustedinsight.com/investment-news/calpers-outperforms-real-estate-and-infrastructure-benchmarks-20170720098/
California Public Employees Retirement System has outperformed its real estate and infrastructure investment benchmarks over the past 12 months.
Campaign Urges US Public Pension Funds To Divest From Owner Of Trump SoHo Hotel
2017-07-20T10:57:45.554305-04:00https://www.thetrustedinsight.com/investment-news/campaign-urges-us-public-pension-funds-to-divest-from-owner-of-trump-soho-hotel-20170720096/
Two legal advocacy groups sent petitions to half a million of their members and letters urging state officials who oversee the California Public Employees' Retirement System (CalPERS) and the New York State Common Retirement Fund to reconsider their investments in CIM Fund III, which owns the Trump SoHo.
California Investor Expands Texas Portfolio
2017-07-19T16:11:04.039074-04:00https://www.thetrustedinsight.com/investment-news/california-investor-expands-texas-portfolio-20170719092/
Creative Realty Partners acquired a 117-unit Dallas multifamily asset from Wellington Realty. The sale was subject to a $5.8 million loan from Hunt Mortgage Group.
CalSTRS Explores New Strategies As Core Property Returns Moderate
2017-07-11T10:29:45.413254-04:00https://www.thetrustedinsight.com/investment-news/calstrs-explores-new-strategies-as-core-property-returns-moderate-20170711935/
California State Teachers Retirement System (CalSTRS) is assessing the merits of increasing its investments in real estate operating companies, as it looks for new strategies to generate returns.
The Rise and Fall of Working From Home
2017-07-10T10:21:16.908705-04:00https://www.thetrustedinsight.com/investment-news/the-rise-and-fall-of-working-from-home-20170710881/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
NY Comptrollers, CalSTRS Retaliate Against Mylan Board
2017-07-06T12:47:43.621540-04:00https://www.thetrustedinsight.com/investment-news/ny-comptrollers-calstrs-retaliate-against-mylan-board-chief-investment-officer-20170706869/
A recently filed form reveals the EpiPen company ignored majority shareowner votes again, and the response is ferocious....
SCOTUS: It's Too Late For CalPERS To Claim Lehman Damages
2017-07-03T10:56:37.316112-04:00https://www.thetrustedinsight.com/investment-news/scotus-its-too-late-for-calpers-to-claim-lehman-damages-20170703793/
The court ruled that the California Public Employees’ Retirement System (CalPERS) could not sue a number of banks over losses resulting from the Lehman Brothers bankruptcy in September 2008.
CalPERS Just Lost A Lawsuit At The U.S. Supreme Court
2017-06-29T11:15:02.203074-04:00https://www.thetrustedinsight.com/investment-news/calpers-just-lost-a-lawsuit-at-the-us-supreme-court-20170629709/
CalPERS lost a big case at the U.S. Supreme Court this week. The decision will cost California government retirees around $300 million. The court voted 5-4 to dismiss a lawsuit...
US Top Court Buries CalPERS Lawsuit Over Lehman Collapse
2017-06-27T10:24:11.053977-04:00https://www.thetrustedinsight.com/investment-news/us-top-court-buries-calpers-lawsuit-over-lehman-collapse-20170627631/
The U.S. Supreme Court on Monday upheld the dismissal of a securities fraud lawsuit by a big California pension fund against banks in the wake of the 2008 collapse of investment bank Lehman Brothers, ruling the fund waited too long to sue.
CalPERS Pressured Into Rethinking Private Equity Strategy
2017-06-22T15:58:44.128222-04:00https://www.thetrustedinsight.com/investment-news/calpers-pressured-into-rethinking-private-equity-strategy-20170622551/
The $324 billion California Public Employees’ Retirement System (CalPERS) may reduce its private equity exposure after receiving public criticism for investing in the high-fee asset class.
CalPERS Pension Fund To Review Private Equity Investments
2017-06-19T16:03:23.158124-04:00https://www.thetrustedinsight.com/investment-news/calpers-pension-fund-to-review-private-equity-investments-20170619410/
The California Public Employees' Retirement System, or CalPERS, plans to scrutinize its private equity investments at next month's board meeting with an eye toward reviewing the governance and transparency of the asset class.
Institutional Investors, Proxies Rally Against EpiPen Board
2017-06-15T11:05:29.718093-04:00https://www.thetrustedinsight.com/investment-news/institutional-investors-proxies-rally-against-epipen-board-20170615348/
Backed by proxy firms Glass Lewis and Institutional Shareholder Services (ISS), New York City Pension Funds and a group of institutional investors told EpiPen maker Mylan’s shareholders Monday to air their grievances —in paper form— with the allergy treatment company’s board of directors and its chairman’s pay at Mylan’s June 22 shareholder meeting.
A Risk Worth Taking To Cut CalPERS' Pension Liabilities
2017-06-13T12:31:58.045686-04:00https://www.thetrustedinsight.com/investment-news/a-risk-worth-taking-to-cut-calpers-pension-liabilities-20170613294/
One of the major challenges facing the California Public Employees Retirement System, which handles retirement benefits for the state and more than 3,000 local agencies, is that its $324-billion pens...
Buffett Charity Lunch Sold To Highest Bidder For Over $2.6M
2017-06-12T17:07:38.283341-04:00https://www.thetrustedinsight.com/investment-news/buffett-charity-lunch-sold-to-highest-bidder-for-over-26m-20170612270/
<p>An anonymous bidder has agreed to pay more than $2.6 million for a private lunch with billionaire Warren Buffett, with the auction proceeds going to a California homeless charity.</p>
CalPERS' Sustainable Investment Efforts Honored By Responsible Investor
2017-06-08T16:12:33.086020-04:00https://www.thetrustedinsight.com/investment-news/calpers-sustainable-investment-efforts-honored-by-responsible-investor-20170608197/
The California Public Employees' Retirement System (CalPERS) has won Responsible Investor's inaugural award for Innovation & Industry Leadership for its Environmental, Social, and Governance 5-Year Strategic Plan (PDF). The award was presented at the RI Europe 2017 conference in London, England.
U.S. Colleges Have $500B To Invest. Now Where Are All The Green Deals?
2017-05-31T14:51:41.657719-04:00https://www.thetrustedinsight.com/investment-news/us-colleges-have-500b-to-invest-now-where-are-all-the-green-deals-20170531006/
If you guessed that the University of California system would champion “sustainable” investing, you’d be correct. The catch is, the shelves in the sustainable investing aisle aren’t especially well-stocked with opportunities. U.S. college endowments altogether hold more than $500 ­billion in assets, a growing part of which they’ve allocated to sustainable or “impact” investing. Yet they also face something of a paradox: Where, exactly, does one invest that money? The easy answer, and one popular among smaller endowments, is to buy funds of stocks deemed green. Another option is real assets, says Jagdeep Bachher, who oversees the University of California’s...
California Proposes $6B Boost To CalPERS
2017-05-17T16:15:20.849176-04:00https://www.thetrustedinsight.com/investment-news/california-proposes-6b-boost-to-calpers-20170517617/
Gov. Brown says supplemental payment will save state $11 billion over 20 years. The post California Proposes $6 Billion Boost to CalPERS appeared first on Chief Investment Officer.
CalPERS Saves Millions In Expenses Over Six-Year Period
2017-05-17T15:30:03.894767-04:00https://www.thetrustedinsight.com/investment-news/calpers-saves-millions-in-expenses-over-six-year-period-20170517614/
The California Public Employees' Retirement System (CalPERS) today reported annual ongoing costs for its investment operations have declined by approximately $404 million since fiscal year 2010-11. The annual CEM Benchmarking survey also found that CalPERS is a low-cost system compared to its peers.
CalPERS' Climate Risk Reporting Proposal Passes At Occidental Petroleum
2017-05-15T15:03:08.907482-04:00https://www.thetrustedinsight.com/investment-news/calpers-climate-risk-reporting-proposal-passes-at-occidental-petroleum-1-20170515495/
The California Public Employees' Retirement System's (CalPERS) climate risk reporting shareowner resolution, Proposal #5, passed today at the annual shareowner meeting of Occidental Petroleum. The resolution requires the international oil and gas company to report on environmental risks and opportunities associated with climate change. It was co-filed by CalPERS and other investors, including Wespath Investment Management, the Nathan Cummings Foundation, and the New York State and Connecticut pension funds.
CalPERS' Climate Risk Reporting Proposal Passes At Occidental Petroleum
2017-05-12T17:54:44.800883-04:00https://www.thetrustedinsight.com/investment-news/calpers-climate-risk-reporting-proposal-passes-at-occidental-petroleum-20170512478/
The California Public Employees' Retirement System's (CalPERS) climate risk reporting shareowner resolution, Proposal #5, passed today at the annual shareowner meeting of Occidental Petroleum.
CalPERS Urges Investors To Vote For Climate Change Reporting At Occidental Petroleum
2017-05-11T10:56:24.582230-04:00https://www.thetrustedinsight.com/investment-news/calpers-urges-investors-to-vote-for-climate-change-reporting-at-occidental-petroleum-20170511394/
The California Public Employees' Retirement System (CalPERS) is calling fellow shareowners of Occidental Petroleum, the international oil and gas company, to vote in favor of a proxy ballot resolution requiring the company to report on environmental risks and opportunities associated with climate change.
Seeing A Threat To Paris Accord, CalPERS Urges Countries To Commit To Climate Pact
2017-05-09T10:56:58.519892-04:00https://www.thetrustedinsight.com/investment-news/seeing-a-threat-to-paris-accord-calpers-urges-countries-to-commit-to-climate-pact-20170509307/
The California Public Employees’ Retirement System joined more than 150 other international investors in a letter Sunday urging the world’s largest economies to remain committed to the 2015 climate change accord known as the Paris Agreement.
Pattern Energy Acquires 324MW Broadview Wind Facilities
2017-05-05T14:26:04.521323-04:00https://www.thetrustedinsight.com/investment-news/pattern-energy-acquires-324mw-broadview-wind-facilities-20170505233/
The California investor acquired interest in the two wind projects that comprise the 324-megawatt Broadview Wind power facilities and the associated independent 35-mile 345-kilovolt Western Interconnect transmission line for $215 million in cash and an assumed project loan of $54 million.
YL Ventures Raises $75M Third Fund To Invest In Israeli Tech
2017-05-02T10:45:45.167042-04:00https://www.thetrustedinsight.com/investment-news/yl-ventures-raises-75m-third-fund-to-invest-in-israeli-tech-20170502047/
YL Ventures has raised a $75 million third fund, according to a filing with the SEC. The California firm makes seed investments in Israeli tech companies and was founded by Yoav Leitersdorf.
CalSTRS Pares Down U.S. Equity Exposure In Market's Record Run
2017-04-27T10:15:15.738848-04:00https://www.thetrustedinsight.com/investment-news/calstrs-pares-down-us-equity-exposure-in-markets-record-run-20170427928/
Record high U.S. stock prices are providing the California State Teachers' Retirement System with profit-taking opportunities as it cuts exposure to U.S. equities and moves money off shore, the plan's chief investment officer said on Wednesday.
CalPERS Considering Changes To Private Equity Approach
2017-04-18T10:06:00.074791-04:00https://www.thetrustedinsight.com/investment-news/calpers-considering-changes-to-private-equity-approach-20170418672/
<p>CalPERS, the largest pension fund in the United States, is considering changes in how it invests in private equity that could slash payments to fund managers, according to a report by the Wall Street Journal.</p>
<p>The internal review is an attempt by the California Public Employees' Retirement System to reconsider some of its pricier investments as it faces a funding shortfall and weaker-than-expected estimates of its future investment earnings.</p>
US Pension Fund CalPERS Mulls Changes In PE Investing Strategy
2017-04-17T17:38:45.611323-04:00https://www.thetrustedinsight.com/investment-news/us-pension-fund-calpers-mulls-changes-in-pe-investing-strategy-20170417654/
<p>CalPERS, the largest pension fund in the United States, is considering changes in how it invests in private equity that could slash payments to fund managers, according to a report by the Wall Street Journal.</p>
<p>The internal review is an attempt by the California Public Employees’ Retirement System to reconsider some of its pricier investments as it faces a funding shortfall and weaker-than-expected estimates of its future investment earnings.</p>
CalPERS Looks At Changing How It Invests In Private Equity
2017-04-17T17:22:38.052591-04:00https://www.thetrustedinsight.com/investment-news/calpers-looks-at-changing-how-it-invests-in-private-equity-20170417648/
<p>CalPERS, the largest pension fund in the United States, is considering changes in how it invests in private equity that could slash payments to fund managers, according to a report by the Wall Street Journal.</p>
<p>The internal review is an attempt by the California Public Employees’ Retirement System to reconsider some of its pricier investments as it faces a funding shortfall and weaker-than-expected estimates of its future investment earnings.</p>
CalPERS To Create 13% Real Assets Allocation And Replace Benchmark
2017-04-13T12:00:22.383264-04:00https://www.thetrustedinsight.com/investment-news/calpers-to-create-13-real-assets-allocation-and-replace-benchmark-20170413542/
The California Public Employees’ Retirement System (CalPERS) is planning to consolidate its real estate, infrastructure and forestry investments into a single 13% real assets allocation.
Lincoln Property And Long Wharf Capital Buy California Office Tower
2017-04-12T16:51:05.192421-04:00https://www.thetrustedinsight.com/investment-news/lincoln-property-and-long-wharf-capital-buy-california-office-tower-20170412512/
Lincoln Property Company and Long Wharf Capital have acquired a Glendale, California-based eight-story office tower. No financial terms were disclosed. LOS ANGELES–(BUSINESS WIRE)–Lincoln Property Company and partner Long Wharf Capital have acquired 520 N. Central Avenue, an 8-story office building in the heart of Glendale’s downtown area, with plans to renovate and reposition the property over the next several months. The renovation is being led by LPC West—Lincoln Property Company’s West Coast arm which recently announced a significant expansion of its operation. The 96,140 square-foot Glendale office tower was constructed in 1985, and is currently home to tenants including North...
CalPERS And The Public Pension Private Equity Brain Drain
2017-04-10T15:14:29.953476-04:00https://www.thetrustedinsight.com/investment-news/calpers-and-the-public-pension-private-equity-brain-drain-20170410366/
Public pension officials leave for private-sector gigs all the time, but Réal Desrochers’s departure from CalPERS casts a wider shadow than most. The combative, press-shy chief of California Public Employees’ Retirement System’s private equity team left for a position at a “large overseas bank” after six years with the $315 billion public pension system.
California REIT Nabs $57M NC Community
2017-04-07T16:31:04.500112-04:00https://www.thetrustedinsight.com/investment-news/california-reit-nabs-57m-nc-community-20170407346/
Bluerock Residential Growth REIT acquired Wesley Village, a 301-unit property in Charlotte that the company plans to upgrade. The transaction was made possible through the assumption of a $41 million Freddie Mac loan.
CalPERS Private Equity Chief Réal Desrochers Steps Down
2017-04-06T10:54:02.765789-04:00https://www.thetrustedinsight.com/investment-news/real-desrochers-leaving-calpers-private-equity-program-20170406265/
The California Public Employees' Retirement System (CalPERS) said today that Réal Desrochers, managing investment director of the CalPERS Private Equity program, is leaving the pension fund to take a position with a large overseas bank.
California Pension Fund Is Latest To Scrap Some Active Managers
2017-04-06T10:45:03.851955-04:00https://www.thetrustedinsight.com/investment-news/california-pension-fund-is-latest-to-scrap-some-active-managers-20170406261/
A California pension fund has fired Franklin Templeton Investments, JPMorgan Chase & Co and Pacific Investment Management Co from some portfolio-management responsibilities in a shakeup that puts more of its assets in lower-fee, index-tracking investments, the fund said.
European Funds Back CalPERS In Key Lehman-Related Lawsuit
2017-04-04T10:41:22.778754-04:00https://www.thetrustedinsight.com/investment-news/european-funds-back-calpers-in-key-lehman-related-lawsuit-20170404151/
<p dir="ltr" id="docs-internal-guid-5b5e460d-345f-ed25-7c88-b806f78c2d7f">More than a dozen European pension funds and asset managers have joined with other prominent institutional investors to seek a legal ruling that could have significant implications for investors seeking compensation through the courts.</p>
<p dir="ltr">The funds – including APG, AP1, Industriens Pension, and the Universities Superannuation Scheme – have filed an amicus curiae (“friend of the court” brief) with the US Supreme Court asking it to review and overturn a 2014 ruling that placed a one-year time limit on filing class actions.</p>
<p dir="ltr">The case, which has significant implications for the institutional investor community, concerns the timeframe for investors to pursue lawsuits seeking recovery of damages under US securities laws. It has been brought by the California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US. CalPERS is suing ANZ Securities over losses resulting from the Lehman Brothers bankruptcy.</p>
<p dir="ltr">In all, 75 investors with more than $4trn (€3.75trn) in assets under management have joined together to back CalPERS. Other European supporters include Aegon Asset Management, Blue Sky Group, MP Investment Management, PGGM Investments, SEB Investment Management, and Storebrand, while the retirement systems for more than a dozen US states including New York and Pennsylvania are supporting the brief.</p>
CalALTs Reviews Best Practice For Hedge Funds And Private Equity Operations
2017-03-22T14:42:20.312553-04:00https://www.thetrustedinsight.com/investment-news/calalts-reviews-best-practice-for-hedge-funds-and-private-equity-operations-20170322765/
According to the California Alternative Investments Association (CalALTs)'s new white paper on best practices for hedge fund and private equity operations, today's investor wish list includes the existence of an independent administrator, an internal CFO, segregation of duties, employee background checks, centralised operations, documented policies and procedures, a fiscal budget, an internal CCO, an external regulatory consultant, a clean regulatory history, formal compliance training, a tested disaster recovery plan, a cyber security plan, and related staff training. Quite a list.
This California-based Hedge Fund Is Hiring, But PhDs Need Not Apply
2017-03-17T16:12:06.494788-04:00https://www.thetrustedinsight.com/investment-news/this-california-based-hedge-fund-is-hiring-but-phds-need-not-apply-20170317629/
Lawyer-turned-hedge fund executive Jason Gerlach touts California as the land of opportunity for alternative investment professionals. Before becoming the CEO and managing partner of Sunrise Capital Partners, a San Diego-based hedge fund, Jason Gerlach worked as an attorney for a decade. He worked with clients in the alternative asset management space, and eventually the lure of joining a buy-side firm was too tempting to pass up. “I spent about 10 years practicing law, and I’ve always been really interested in the businesses that my clients were running – I’ve always been entrepreneurial, and I couldn’t wait to get my hands...
University of California Fund to Double Private-Equity Holdings
2017-03-16T11:23:22.837194-04:00https://www.thetrustedinsight.com/investment-news/university-of-california-fund-to-double-private-equity-holdings-20170316546/
The University of California plans to double the endowment’s investments in private equity and trim stock holdings, the latest move as it tries to improve performance.<br />
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The $9.9 billion endowment had a 7.1 percent investment gain for the six months through Dec. 31, propelled by global stocks and private equity.<br />
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Endowments of all sizes gained a median 4.4 percent in the same time, according to Wilshire Trust Universe Comparison Service, a database provided by Wilshire Associates.
CalSTRS Commits $300M To Global Opportunity Fund
2017-03-09T11:06:32.400313-05:00https://www.thetrustedinsight.com/investment-news/calstrs-commits-300m-to-global-opportunity-fund-20170309279/
<p>The California State Teachers Retirement System (CalSTRS) is investing $300 million (€284 million) in Starwood Capital Group’s latest global opportunity fund.</p>
<p>The pension fund has approved the commitments, which include co-investment capital, to Starwood Global Opportunity Fund XI.</p>
California Hedge Funds No Longer Self-Identifying As Such | Dealbreaker
2017-03-03T16:01:06.147848-05:00https://www.thetrustedinsight.com/investment-news/california-hedge-funds-no-longer-self-identifying-as-such-dealbreaker-20170303092/
There may be something of a <a href="http://dealbreaker.com/2017/02/hedge-funds-loving-europe/">hedge-fund renaissance</a> going on in these wild early days of Donald Trump’s America, but California’s hedge fund managers aren’t so sure. After all, they are from <a href="https://www.washingtonpost.com/news/politics/wp/2017/02/06/california-and-president-trump-are-going-to-war-with-each-other/?utm_term=.28e7886e968d">California</a>. And they’re just not sure that some <a href="http://dealbreaker.com/2016/12/president-trump-has-single-handedly-saved-literally-dozens-of-hedge-fund-jobs/">Trump-flated returns</a> are going to do all that much to improve the industry’s <a href="http://dealbreaker.com/2016/05/hedge-clippers-sohn-conference/">standing with the general public</a>, or that they’ll stave off the <a href="http://dealbreaker.com/2016/04/hedge-funds-are-already-dead/">long-term decline</a> that looked <a href="http://dealbreaker.com/2016/05/hedge-fund-historian-begins-process-of-determining-when-hedge-funds-decline-became-terminal/">terminal</a> prior to Nov.8, or that Californians won’t inflict some frontier justice on them after reading things <a href="http://dealbreaker.com/2016/08/robert-mercer-donald-trump/">like this</a>. So they’re broadening the base and taking shelter in the second-to-last refuge of scoundrels: <a href="http://dealbreaker.com/2015/03/artists-formerly-known-as-hedge-funds-try-hand-at-rebranding-do-even-worse-than-a-f-k-a-p-e-funds/">Rebranding</a>.
Silicon Valley High School Makes $24M From Snap IPO
2017-03-03T11:47:53.526275-05:00https://www.thetrustedinsight.com/investment-news/silicon-valley-high-school-makes-24m-from-snap-ipo-20170303053/
A California high school has made millions of dollars from the initial public offering of shares in Snap Inc., the company behind the Snapchat photo messaging application.
California Infrastructure Stressed By New Storms As State's $7B Water Bond Money Goes Unspent
2017-02-23T16:16:03.982258-05:00https://www.thetrustedinsight.com/investment-news/california-infrastructure-stressed-by-new-storms-as-states-7b-water-bond-money-goes-unspent-20170223802/
California's water infrastructure is stressed even as $7 billion of water bond money authorized by voters in 2014 has not been spent.
Rexford Industrial Acquires Industrial Property For $17.1M
2017-02-23T10:05:09.661783-05:00https://www.thetrustedinsight.com/investment-news/rexford-industrial-acquires-industrial-property-for-171m-20170223770/
LOS ANGELES, Feb. 21, 2017 /PRNewswire/ --Â Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced the acquisition of
CalSTRS Chief Operations Investment Officer Appointed To Advisory Group Focused On Public Company Accounting Oversight
2017-02-22T14:55:00.774130-05:00https://www.thetrustedinsight.com/investment-news/calstrs-chief-operations-investment-officer-appointed-to-advisory-group-focused-on-public-company-accounting-oversight-20170222732/
The California State Teachers' Retirement System is celebrating the appointment of its Chief Operating Investment Officer, Debra Smith, to the <a href="http://ctt.marketwire.com/?release=11G130713-001&id=11035258&type=0&url=https%3a%2f%2fpcaobus.org%2fStandards%2fSAG%2fPages%2fdefault.aspx" rel="nofollow">Public Company Accounting Oversight Board's Standing Advisory Group</a>. Ms. Smith will represent the investors' perspective and voice in the advisory group. Her three-year term runs through the end of 2019.
Banc Of California Adds Wycoff To Board
2017-02-16T15:35:08.726948-05:00https://www.thetrustedinsight.com/investment-news/banc-of-california-adds-wycoff-to-board-20170216556/
Banc of California Inc has appointed W. Kirk Wycoff to its board of directors. Wycoff is the founder and managing partner of Philadelphia-based private equity firm Patriot Financial Partners L.P.
California Investor Closes In On West Loop Apartments
2017-02-15T16:10:12.662453-05:00https://www.thetrustedinsight.com/investment-news/california-investor-closes-in-on-west-loop-apartments-20170215500/
American Realty Advisors has agreed to buy the Madison at Racine, a 216-unit building that opened in 2014 and sits a few blocks from McDonald's future headquarters.
UC Regents Buy 4 San Diego Office Buildings For $83.5M
2017-02-10T14:18:48.296630-05:00https://www.thetrustedinsight.com/investment-news/uc-regents-buy-4-san-diego-office-buildings-for-835m-20170210375/
The Oakland-based Regents of the University of California have acquired a four-building office portfolio in San Diego’s Governor Park neighborhood for approximately $83.5 million, according to CoStar Group and public data.
Investment Fund Manager Pays $15M For Gulf Stream Mansion
2017-02-09T15:55:08.215139-05:00https://www.thetrustedinsight.com/investment-news/investment-fund-manager-pays-15m-for-gulf-stream-mansion-20170209342/
A California and Texas-based investment fund manager paid $15 million for a beachfront Gulf Stream mansion, marking the second large home sale in the small Palm Beach County town in days. Records show James N. Alexander, founder and managing partner of Jasper Ridge Partners, and Bianca M.G. Alexander of Menlo Park, California, bought the house at 1255 North Ocean Boulevard. Jasper Ridge manages more than $15.2 billion in assets, including public equity, fixed income and hedge funds, according ... [more]
Harvard’s $1.2 Billion Haul Erased by Investing Loss, Payout
2017-02-07T11:49:57.349553-05:00https://www.thetrustedinsight.com/investment-news/harvards-12-billion-haul-erased-by-investing-loss-payout-20170207234/
Harvard University raised $1.2 billion from donations, a record for the world’s richest college. The haul was erased by $2 billion in investment losses and spending.
Pension Boards Must Get Real When It Comes To Numbers And Challenges
2017-02-07T11:47:07.366796-05:00https://www.thetrustedinsight.com/investment-news/pension-boards-must-get-real-when-it-comes-to-numbers-and-challenges-20170207231/
Public pensions continue to be a massive burden to taxpayers at the city, county and state level. In fact, unfunded liabilities are a major cause of decaying or delayed infrastructure, crowded and de...
US Pension Funds Are Slashing Their Forecasts...And Some Don't Even Think They'll Meet Those
2017-02-07T11:43:49.124717-05:00https://www.thetrustedinsight.com/investment-news/us-pension-funds-are-slashing-their-forecastsand-some-dont-even-think-theyll-meet-those-20170207228/
After a long period of low interest rates, forecasts by investment analysts show the next 10 years will probably bring slower market growth, leading to reduced expectations for the $3.7 trillion of p...
George Soros Invested In These 11 Oil And Gas Companies In 2016
2017-02-07T11:36:17.736676-05:00https://www.thetrustedinsight.com/investment-news/george-soros-invested-in-these-11-oil-and-gas-companies-in-2016-20170207227/
Billionaire George Soros in 2016 invested $238 million in 11 oil and gas companies, according to his federal financial filings, The Daily Caller News Foundation Investigative Group has learned.
CalPERS Staff Says Fund Should Not Divest From Dakota Access
2017-02-07T11:25:02.502180-05:00https://www.thetrustedinsight.com/investment-news/calpers-staff-says-fund-should-not-divest-from-dakota-access-20170207223/
California Public Employees' Retirement System should maintain its investments in the controversial Dakota Access oil pipeline project in order to exert influence over the companies involved, staff for the largest U.S. public pension fund said on Monday.
Why Citadel’s Ken Griffin Can’t Keep His Star Hires
2017-02-03T17:03:00.542162-05:00https://www.thetrustedinsight.com/investment-news/why-citadels-ken-griffin-cant-keep-his-star-hires-20170203165/
Ken Griffin isn’t a people person. The billionaire founder of hedge fund Citadel has proved himself an adept reader of markets and a savvy investor, thriving in areas of finance where an otherworldly mastery of electronic markets takes precedence over personal relationships. Back on earth, Griffin is notoriously hard to work for.
Case in point: Kevin Turner, the former chief operating officer of Microsoft, who lasted only seven months in the hothouse of Citadel’s Chicago headquarters before unexpectedly leaving on Jan. 27. Griffin hired Turner in July as the first chief executive officer of Citadel Securities, a market-making business that acts as a middleman for its customers, trading stocks, options, swaps, and Treasury bonds. Griffin’s objective is to transform the little-known operation into a powerhouse that facilitates buying and selling in an array of securities for investors around the world.
CalSTRS Adopts New Economic And Demographic Assumptions And Continues Progress Toward Long-Term Funding Goal
2017-02-03T14:49:07.043056-05:00https://www.thetrustedinsight.com/investment-news/calstrs-adopts-new-economic-and-demographic-assumptions-and-continues-progress-toward-long-term-funding-goal-20170203149/
Consistent with its commitment to ensuring a financially sound retirement system, the California State Teachers' Retirement Board today voted to adopt a new set of actuarial assumptions that reflect members' increasing life expectancies and current economic trends. Today's decisions were based on the multi-year CalSTRS Experience Analysis, commonly referred to as the experience study, spanning July 1, 2010, through June 30, 2015.
CalSTRS Lowers Expected Return Rate To 7 Percent By 2018
2017-02-02T11:08:11.483025-05:00https://www.thetrustedinsight.com/investment-news/calstrs-lowers-expected-return-rate-to-7-percent-by-2018-20170202089/
Feb 1 (Reuters) - The California State Teachers' Retirement System (CalSTRS) voted late Wednesday to lower its annual expected return rate from 7.5 percent to 7 percent by 2018.
Acknowledging Lower Returns, CalSTRS Drops Investment Forecast
2017-02-02T11:07:24.342220-05:00https://www.thetrustedinsight.com/investment-news/acknowledging-lower-returns-calstrs-drops-investment-forecast-20170202088/
The fund that manages pensions for California teachers on Wednesday voted to lower its investment forecast by half a percentage point, a decision that will have many educators stepping up ⌠Click to Continue 
California Teacher Pension System Lowers Investment Target
2017-02-02T11:06:54.187508-05:00https://www.thetrustedinsight.com/investment-news/california-teacher-pension-system-lowers-investment-target-20170202087/
California's massive teacher pension system downgraded its investment earnings forecast Wednesday, a move that will raise retirement costs for the state and for some educators. The decision by the California ⌠Click to Continue 
More Tech Companies Filed For IPOs In 2016, But Overall Exits Fell Globally
2017-01-31T14:41:22.369282-05:00https://www.thetrustedinsight.com/investment-news/more-tech-companies-filed-for-ipos-in-2016-but-overall-exits-fell-globally-20170131011/
In the United States alone, more than 1,600 technology companies exited in 2016. The UK, India, Canada and Germany rounded out the top five. California and New York led the charge in the U.S., while Massachusetts and Texas tied for third with more than 90 exits. Washington state ranked ninth with 53 exits; only three were from IPOs.
Teacher Pension Fund Less Optimistic About Returns, Likely To Ask Taxpayers For More Money
2017-01-27T15:50:32.209581-05:00https://www.thetrustedinsight.com/investment-news/teacher-pension-fund-less-optimistic-about-returns-likely-to-ask-taxpayers-for-more-money-20170127908/
<p>CalSTRS will consider lowering its official investment forecast in a move expected to require higher contributions from state taxpayers once again for the teachers’ pension fund. The cost to the state could be an additional $153 million starting with the next fiscal year.</p>
<p>The board of the $196 billion California State Teachers’ Retirement System will consider the change to its “discount rate” at a meeting next week in San Diego.</p>
CalSTRS To Consider Lowering Expected Return Rate
2017-01-26T14:46:26.545051-05:00https://www.thetrustedinsight.com/investment-news/calstrs-to-consider-lowering-expected-return-rate-20170126860/
<p>The California State Teachers' Retirement System will consider lowering its expected return rate to 7.25 percent from 7.5 percent, based on economic factors and improvements to beneficiaries' life expectancies.</p>
<p>CalSTRS Board is scheduled to consider the move during its February meeting. The recommendation was published late on Wednesday on the public pension fund's website.</p>
California Utilities Seek $1B To Build Out Electric Vehicle Infrastructure
2017-01-25T14:56:48.357944-05:00https://www.thetrustedinsight.com/investment-news/california-utilities-seek-1b-to-build-out-electric-vehicle-infrastructure-20170125831/
California’s three major investor-owned utilities are already rolling out nearly $200 million in electric-vehicle charging infrastructure for apartments, workplaces and disadvantaged communities. Now they’re seeking permission to spend $1 billion more over the next five years -- a move they say is needed to help the state meet its EV targets and carbon reduction goals, even as the Trump administration threatens to cut federal support for these efforts.
Oregon State University Opts To Dump Fossil Fuel Investments
2017-01-24T11:10:44.294258-05:00https://www.thetrustedinsight.com/investment-news/oregon-state-university-opts-to-dump-fossil-fuel-investments-20170124743/
In a little-noticed action on Inauguration Day, the Oregon State University board of trustees voted overwhelmingly to sell most of OSU’s $8.8 million in fossil fuel stocks....
Enterprise-Focused Funds Had Stellar Year
2017-01-20T11:47:57.454320-05:00https://www.thetrustedinsight.com/investment-news/enterprise-focused-funds-had-stellar-year-20170120636/
Although 2016 saw a drought of IPOs, it was a stellar year for enterprise M&A with over $65B in acquisitions.
CalPERS Board Re-Elects Rob Feckner As President, Henry Jones As Vice President
2017-01-18T12:56:16.097134-05:00https://www.thetrustedinsight.com/investment-news/calpers-board-re-elects-rob-feckner-as-president-henry-jones-as-vice-president-20170118525/
The California Public Employees' Retirement System (CalPERS) Board of Administration re-elected Rob Feckner as board president, and Henry Jones as vice president. This will be Feckner's 13th term as president and Jones' third term as vice president. "This vote of confidence from my peers is very humbling," Feckner said. "Together we will continue our efforts to ensure a sustainable pension and access to quality health care for our members now and into the future.
Calpers May Move Up To $30 Billion In-House As Pension Cuts Fees
2017-01-12T11:14:46.857228-05:00https://www.thetrustedinsight.com/investment-news/calpers-may-move-up-to-30-billion-in-house-as-pension-cuts-fees-20170112340/
The California Public Employees’ Retirement System, the largest U.S. pension, is developing plans to shift as much as $30 billion from external to internal managers as it seeks to reduce fees.
The $306 billion system now oversees about 70 percent of its assets internally, most in stocks and bonds, a share that can increase as Calpers develops capacity to handle private equity, real estate and infrastructure, according to Chief Investment Officer Ted Eliopoulos.
As CalPERS Braces For Smaller Gains, Three Places Feel It Most
2017-01-09T10:56:26.167385-05:00https://www.thetrustedinsight.com/investment-news/as-calpers-braces-for-smaller-gains-three-places-feel-it-most-20170109216/
<p>Late last month, the nation’s largest pension fund, the California Public Employees’ Retirement System, rolled back the expected rate of return on its investments, bracing for more conservative gains after a bull-market run pushed stocks to record highs.</p>
<p>The decision means that the system’s 3,000 cities, counties, school districts and other public agencies will have to put more taxpayer money into the fund because they can’t count as heavily on expected investment income to cover future benefit checks. The impact will be the biggest for those already deeply in debt to the retirement plan and struggling to catch up.</p>
Meridian Acquires California Office Building For $29M
2017-01-05T12:00:12.734685-05:00https://www.thetrustedinsight.com/investment-news/meridian-acquires-california-office-building-for-29m-20170105153/
Meridian has purchased 1000 Marina, a six-story, 105,000-square-foot office building in San Mateo County, Calif., from Boston-based equity firm TA Associates.
California Pension Fund Gets A Reality Check
2017-01-03T11:17:21.079090-05:00https://www.thetrustedinsight.com/investment-news/california-pension-fund-gets-a-reality-check-20170103032/
Half a percent sounds like a rounding error, but in the $300 billion world of California state pensions it’s monumental. After years of weak earnings and timid fixes, the nation’s largest retirement ...
IPERS Weighs Cut In Pension Investment Target
2017-01-03T11:16:37.640373-05:00https://www.thetrustedinsight.com/investment-news/ipers-weighs-cut-in-pension-investment-target-20170103031/
Iowa's largest public pension fund considers reducing assumed investment returns, which could require higher contributions...
California’s Giant Pension Fund Kicked The Tobacco Habit. But Now It’s Reconsidering
2016-12-13T14:42:53.443237-05:00https://www.thetrustedinsight.com/investment-news/californias-giant-pension-fund-kicked-the-tobacco-habit-but-now-its-reconsidering-20161213427/
<p>The staff of the California Public Employees’ Retirement System, after an eight-month study, is recommending that the giant pension fund drop its ban on investing in tobacco stocks. CalPERS’ investment committee is expected to vote on the recommendation next Monday.</p>
<p>The reason behind the recommendation is simple: CalPERS needs the money. Its decision to dump its tobacco stocks in 2000, at a time when the industry was struggling under the weight of numerous lawsuits, has been a financial blunder, according to a lengthy staff memo to the CalPERS board.</p>
Accel Makes 2017 VC Predictions
2016-12-02T11:49:56.389341-05:00https://www.thetrustedinsight.com/investment-news/accel-makes-2017-vc-predictions-20161202946/
Accel is an early & growth-stage venture capital firm and is known for its investments in Facebook, Slack, and Dropbox. This is the firm's annual presentation on what the tech environment is like for founders today and what will happen in 2017.
State Pension Fund Paid Private Equity Firms $1.5B Over 5 Years
2016-12-01T10:58:36.240533-05:00https://www.thetrustedinsight.com/investment-news/state-pension-fund-paid-private-equity-firms-15b-over-5-years-20161201903/
The Massachusetts state pension fund paid $1.5 billion to more than 100 private equity firms over the past five years — including a $1 billion share of its profits — according to data it publicly dis...
Silicon Valley Investment Banker Initiating Class-Action Lawsuit Against Theranos
2016-11-29T10:30:19.630366-05:00https://www.thetrustedinsight.com/investment-news/silicon-valley-investment-banker-initiating-class-action-lawsuit-against-theranos-20161129806/
Theranos, the 13-year-old, Palo Alto-based health technology company, is being sued by two more investors who say they were lied to about Theranos’s health and its prospects by founder Elizabeth Holmes and former president and COO, Ramesh “Sunny” Balwani, who was reportedly long one of the Holmes’s closest confidants.
With Investments Soft, CalPERS Eyes Higher Contribution Rates
2016-11-23T12:51:22.234565-05:00https://www.thetrustedinsight.com/investment-news/with-investments-soft-calpers-eyes-higher-contribution-rates-20161123685/
<p>CalPERS is preparing more pension rate hikes, and they could cost government agencies billions of dollars.</p>
<p>With consultants predicting long-term declines in investment earnings, the big California pension fund is considering substantially higher contribution rates for the state and the thousands of municipalities and school districts that <a href="http://www.calpers.ca.gov" target="_blank" title="">rely on CalPERS</a> to serve their retirees. Workers could get hit with higher contributions, too, although that would depend on contract negotiations.</p>
Billionaire Green Activist Steyer Vows To Battle Trump, Says Money Not An Issue
2016-11-16T11:10:09.788130-05:00https://www.thetrustedinsight.com/investment-news/billionaire-green-activist-steyer-vows-to-battle-trump-says-money-not-an-issue-20161116329/
Billionaire environmental activist Tom Steyer, who has spent more than $140 million on fighting climate change, said on Tuesday he will spend whatever it takes to fight President-elect Donald Trump’s pro-drilling and anti-regulation agenda. The former hedge fund manager from California is putt...
CalPERS Chief Sees Volatility Until Trump Implements Plans
2016-11-15T15:09:20.205856-05:00https://www.thetrustedinsight.com/investment-news/calpers-chief-sees-volatility-until-trump-implements-plans-20161115271/
The California Public Employees' Retirement System's chief investment officer advised the pension fund on Monday to prepare for "greater uncertainty and volatility" until U.S. president-elect Donald Trump and Congress implement their policy plans.
CalPERS Just Revealed What It Pays Its Private Equity Money Managers
2016-11-15T13:12:45.787810-05:00https://www.thetrustedinsight.com/investment-news/calpers-just-revealed-what-it-pays-its-private-equity-money-managers-20161115265/
The California Public Employees’ Retirement System said on Monday it shared about 14% of the profit made on private equity investments in the past year with firms managing the money....