Business
CalPERS, the nation’s biggest public pension fund, makes good on its support of shareholder rights by voting against all 12 Exxon directors.
May 20, 2024
California Public Employees’ Retirement System is increasing its exposure to private equity and private credit, betting the riskier assets will fuel higher returns.
March 19, 2024
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.
Dec. 3, 2023
CalPERS’ gain leaves the pension fund with $462.8 billion, enough to cover 72% of its future obligations.
July 20, 2023
More Americans own stocks than ever before, yet the passive index funds they favor are facing increasing partisan criticism. Here’s why
July 10, 2024
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.
June 21, 2024
The California Public Employees’ Retirement System may force its next chief investment officer to sell securities that could pose conflicts of interest.
Sept. 4, 2020
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.
Aug. 6, 2020
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.
Dec. 19, 2019
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.”
Feb. 25, 2020