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Posts Tagged ‘CalPERS’

17 November 2015

CalPERS CIO says private equity is best performer

california-in-a-picture-559575-m Private equity is CalPERS’ best performing long-term asset class according to chief investment officer Theodore Eliopoulos.

13 November 2015

CalPERS offloads $3bn RE fund interests to Blackstone’s Strategic Partners

california-in-a-picture-559575-m The California Public Employees’ Retirement System has sold $3bn worth of secondary real estate fund interests to Strategic Partners Fund Solutions.

9 September 2015

CalPERS execs to meet with disgruntled board member over fee concerns $

california map The management of CalPERS, the giant California pension fund, has responded to a highly critical letter to the fund's chief executive from one of its board members by offering to meet next week to discuss the board member's concerns.

21 August 2015

LPs must show greater interest in carried interest, Oxford prof says $

Ludovic Phalippou An Oxford University professor who made headlines a few weeks ago, with his calculation of how much carried interest the CalPERS pension fund had paid over an 18-year period, has published a report on carried interest that he says is aimed at bringing a greater understanding to the growing private equity fees debate.

19 August 2015

APG latest pension fund manager to detail PE fee control efforts $

APG building exterior APG, the largest pension fund manager in the Netherlands, is speaking publicly for the first time about its efforts to ensure that it doesn't over-pay for its use of private equity asset management services.

19 August 2015

CalPERS exec calls for PE company fee disclosure, transparency, industry dialogue

california map A top executive of the California Public Employees' Retirement System said his company, America's largest pension fund investor, will require the private equity managers it works with in the future to be transparent about the fees they charge as well as how much money they're making from the portfolio companies they own.

5 August 2015

Growing US concern over ‘ginormous’ private equity fees spreads to Australia, Netherlands

Australia The recent and growing debate over the undisclosed fees paid by pension funds and other private equity fund clients has reached Australia, with a major financial publication there reporting that the country's corporate regulator is being urged to "clamp down on 'ginormous' private equity fees", in the wake of recent US revelations and debate on the matter.

3 August 2015

Estimate that CalPERS’ undisclosed PE payments over 18 years totaled ‘at least $5bn’

california map A UK academic has been reported as saying that CalPERS, the largest US public pension scheme, "failed to disclose payments of at least $5bn to private equity managers over a period of 18 years".

20 July 2015

Second US pension giant admits it does not know how much it has paid PE managers

california map The second-largest pension fund in the US, CalSTRS, has admitted failing to record total payments made to its private equity managers over a 27-year period.

14 July 2015

CalPERS misses performance target for fiscal 2015; seen as sector bellwether

california map The California Public Employees’ Retirement System, America's largest public pension fund by assets, revealed on Monday that it fell short of its annual return target for the 12 months to the end of June, as its investments were hit by slow global economic growth, persistently low interest rates, and weaker private equity returns.

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