CalPERS

Alternative Investments/ESG: CalPERS Commits $100B To Low Carbon Investments

Alternative Investments, ESG and Sustainability, News / By

California Public Employees’ Retirement System (CalPERS), a $462 billion pension giant, has pledged to invest $100 billion in low-carbon assets as part of a sustainable investing strategy. This commitment aims to accelerate the reduction of carbon emissions within its portfolio, with the goal of halving the carbon emissions intensity of its investments by 2030. Currently holding nearly $47 billion in low-carbon assets, CalPERS aims to contribute significantly to the fight against climate change while improving long-term investment returns.

CalPERS Fires External Equity Managers For Long-Term Underperformance

Fund Updates, Latest News, News, People on the Move / By

CalPERS, the largest pension system in the US, just took a scalpel to funds allocated to external equity managers.
In a major restructuring of its investment process, CalPERS slashed allocations to external equity managers from $33.6 million to $5.5 million. Only three out of 17 external managers survived the purge, according to an exclusive report by Chief Investment Officer.
Further, the pension fund restructured its emerging managers’ program, docking its allocation from $3.6 billion to just $500 million. Only one out of the five emerging managers stayed on.

New Law Requires California Pensions to Divest all Turkish Assets

ESG and Sustainability / By

New legislation bars California pensions funds from investing in Turkish assets. Turkish assets are now barred at California pensions. This is because of Turkey’s refusal to acknowledge responsibility for the Armenian Genocide. This tragedy claimed the lives of about 1.5 million Armenians a century ago. However, for funds and pensions, the new law brings to …

New Law Requires California Pensions to Divest all Turkish Assets Read More »