US - The US$177bn California Public Employees Retirement System is considering reducing its policy allocation to real estate and alternative investments by 1% and increasing domestic and international equity by 1% to more closely reflect actual current holdings.
CalPERS’ investment committee will vote on the revised asset allocation policy mix – which came out of the fund’s recent asset/liability management workshop – next Monday December 13. The fund’s...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date