CalPERS: Cutting Back on Private Equity and Global Equities

Posted on 12/19/2016

On December 19, 2016, the California Public Employees’ Retirement System (CalPERS) held their year-end investment committee meeting. The committee agreed to lower the fund’s global equity allocation from 51% to 46% – a 5% decrease. In response, CalPERS is increasing its target allocation to inflation-sensitive assets from 6% to 9%. The pension system is also […]

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