-- The largest public pension fund in the US is looking hire a new chief investment officer by early next year following the surprise resignation of its previous leader less than 18 months on the job.Brutality of Surprise Attack Unites Israel Around One Goal: Crush Hamas
Then there’s pressure of meeting the pension plan’s 6.8% annual return target. If it falls short, municipalities across California could be forced make up the difference and even cut services to meet obligations. The fund earned 5.8% last fiscal year, a sharp turnaround after a 6.1% loss in the prior year that was its worst showing in more than a decade.
Calpers could increase private equity weight in the portfolio from 13% to 18% if the investment team “felt like they had the appropriate deal flow,” Frost said. “I think having a CIO who has a background in private assets will continue to be part of the credentialing of the next CIO.” “I don’t know that there are any other seats on a US public company or pension plan that has the same transparency and visibility,” said Frost. “Some people are wired for it — and some people don’t know if they are wired for it. Or they think they are wired for it until they actually sit in the seat.”Here are Tuesday's top 3 performers on the TSX, including a precious metals newbieA slump in U.S.
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