Business
CalPERS, the nation’s biggest public pension fund, makes good on its support of shareholder rights by voting against all 12 Exxon directors.
California Public Employees’ Retirement System is increasing its exposure to private equity and private credit, betting the riskier assets will fuel higher returns.
Opinion
The nation’s largest public pension fund offers a weak strategy for reaching a net-zero portfolio, perhaps to head off legislation forcing it to divest from oil companies and other air-polluting industries.
CalPERS’ gain leaves the pension fund with $462.8 billion, enough to cover 72% of its future obligations.
The California Public Employees’ Retirement System may force its next chief investment officer to sell securities that could pose conflicts of interest.
The investment chief at California’s massive state pension fund stepped down. It seems CalPERS might have fallen short of its own conflict-of-interest rules.
Legislation to divest billions of dollars in pension funds for California public workers and teachers from fossil fuel companies failed again. But climate change isn’t waiting.
Ben Meng, a U.S. citizen who grew up in China, is in the crosshairs of a debate over immigration, national security and who is a “real American.”
Climate & Environment
A new assessment finds that one-fifth of CalPERS’ public markets portfolio is in business sectors exposed to financial risk from climate change.
Doesn’t the CalPERS board have better things to do than attack one of its own members?