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Sunday, November 22, 
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Entries tagged "Calpers"

Investors find ways to skirt high hedge fund fees

Several well-known institutions are rebutting hedge fund managers' unwillingness to lower their fees by lowering their exposure to external funds.


California pension funds lose nearly $100B

The country's two largest pension funds, CalPERs and CalSTRS, reported losses of $56.2 billion and $43.4 billion, respectively, for the fiscal year that ended June 30.


Buyout shops waving goodbye to management fees?

With performance down, limited partners are pushing back on the management fees that they pay buyout shops.


CalPERS may up PE, VC investing

If the California Public Employees' Retirement System increases its allocation to private equity and venture capital, it would be at the expense of its allocation to hedge funds.


Short sellers the target of political ire

Lawmakers on Capitol Hill are joining regulators in the U.K. and U.S. and three large public pension funds to target short sellers blamed for driving down the stock price of key financial institutions including Lehman Brothers Holdings Inc. and American International Group Inc.  ...


Calpers backs three Apollo distressed debt funds with $2.3B

With corporate defaults expected to keep soaring, the nation's largest pension fund, the California Public Employees' Retirement System, has reallocated $2.3 billion from its stock holdings into a trio of distressed-debt funds run by Apollo Global Management LLC. ...


LandSource bankruptcy leads CalPERS to rethink land holdings

Just days after being burned by LandSource Communities Development LLC's Chapter 11 filing, the California Public Employees Retirement System is reportedly mulling selling part of its $2 billion in residential land holdings. ...


Buenrostro says he'll step down as CEO of CalPERS

Following speculation, Fred Buenrostro, the CEO of the California Public Employees Retirement System, decided to announce that he will indeed step down from the top spot at the world's largest pension fund in order to quiet reports about his resignation. ...


CalPERS CEO Buenrostro may resign by year-end

The many private equity and venture capitalists that count the California Public Employees' Retirement System, known as CalPERS, as a limited partner may soon be dealing with a new set of people at the top of the $244 billion pension fund. ...


Could CalPERS, CalSTRS exit private equity?

If there's not enough bad news in the private equity industry these days, consider this: Imagine if the two largest U.S. pension funds, the California Public Employees' Retirement System and the California State Teachers' Retirement System, exited the business. That could happen if the obscure Responsible Private Equity Investment Act of 2008 bill (AB 1967) becomes California law....



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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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