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California Public Employees' Retirement System

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  • Sunday, 1 November, 2020
    Ethical and responsible investment
    US pension funds failing in climate change challenge

    Just 17% of retirement schemes in North America committed to net zero emissions by 2050

  • Friday, 28 August, 2020
    Merryn Somerset Webb
    Private equity is a club and the ordinary investor is not invited

    Allowing public markets to wither could worsen wealth inequality and dent public acceptance of capitalism

  • Friday, 21 August, 2020
    On Wall StreetBilly Nauman
    Who would want the top investment job at California’s pension fund?

    Departure of Ben Meng from Calpers is unlikely to trigger a scramble to replace him

  • Saturday, 15 August, 2020
    Ethical and responsible investment
    Calpers, Schroders call for mandatory inclusion of climate risks in accounts

    Big investors demand groups follow BP’s example and consider global warming risk in financial statements

  • Friday, 7 August, 2020
    Due Diligence
    Calpers: America’s largest pension fund loses its captain Premium

    Ben Meng spearheaded a bold overhaul of much of $400bn fund’s investment portfolio

  • Thursday, 6 August, 2020
    Calpers investment chief resigns after 18 months at $400bn fund

    Ben Meng departs US’s top public pension fund after allegations of incomplete public disclosures

  • Thursday, 6 August, 2020
    Calpers/Ben Meng: pilot flight Premium

    Departure of CIO does nothing to help fix group’s massive pension funding hole

  • Sunday, 21 June, 2020
    Jonathan Ford
    The real ‘Money Heist’ is taking place in private equity

    The depressing part is the willingness of pension funds simply to hand over the swag

  • Sunday, 21 June, 2020
    Calpers board member objects to $80bn leverage gamble

    US public pension scheme’s push into private equity and private debt is ‘too risky’, according to Margaret Brown

  • Promoted Content
  • Tuesday, 16 June, 2020
    FTfmJohn Plender
    Calpers bets big on private equity and leverage

    Pension fund’s view is ‘too little liquidity can be deadly but too much is costly’

  • Tuesday, 16 June, 2020
    Due Diligence
    The study that rattled the entire private equity industry Premium

    Report says it is difficult to see how the business model can add up given how costly it is

  • Sunday, 14 June, 2020
    Top US pension fund aims to juice returns via $80bn leverage plan

    Calpers hopes bold move will boost efforts to achieve its 7% return target

  • Monday, 16 March, 2020
    Calpers battles former board member over real estate investment values

    California pension fund accused of refusing to disclose details to avoid bonus cuts

  • Tuesday, 21 January, 2020
    News in-depthFT Alphaville
    Calpers and the ‘illiquidity premium’

    Outta site, outta mind.

  • Friday, 3 January, 2020
    On Wall StreetRobin Wigglesworth
    Active fund managers pray for turnround as exodus continues

    Calpers is the latest big investor to pull back from stockpickers in favour of passive approach

  • Monday, 9 December, 2019
    InterviewFTfm
    Calpers investment chief talks about private equity and yoga

    Ben Meng on managing the retirement savings of nearly 2m Californians

  • Monday, 18 March, 2019
    FT AlphavilleJamie Powell
    Calpers goes all in on private equity

    “We need more of it, and we need it now.”

  • Saturday, 29 September, 2018
    Fund management
    California turns up the heat on climate change disclosures
  • Monday, 10 September, 2018
    Fund management
    Movers and shakers: September 10
  • Monday, 6 August, 2018
    News in-depthThe FT View
    Private equity fees and returns face scrutiny

    Regulators and investors should demand greater transparency

  • Monday, 6 August, 2018
    Fund management
    Private equity challenged over $400bn fee haul

    Performance claims of high-charging managers questioned by new analysis

  • Sunday, 5 August, 2018
    Financial services
    US pension fund suffers big losses on forestry land

    Red ink at Calpers could run into hundreds of millions of dollars

  • Monday, 4 June, 2018
    FTfm
    Pension funds push to expose Wall St sexual offences

    Californian plans demand greater disclosure from asset managers

  • Monday, 21 May, 2018
    Sovereign wealth funds
    Reputation of hedge funds is hacked back hard

    Research finds the investment vehicles underperform simple benchmarks after fees

  • Monday, 14 May, 2018
    Financial services
    Calpers investment chief to step down
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