Private credit is not inherently fraudulent, but for CalPERS it has proven expensive, opaque, concentrated in deteriorating sectors, and ethically compromised.

Amid a ramp up in federal immigration sweeps in California in the last year, two of the state's biggest public pensions have ...

(The Center Square) – The California Public Employees' Retirement System for state employees lost 71% of its $468 million investment in a clean energy and technology private equity fund, state records ...

At one point in the not-so-distant past, CalPERS had more money than it needed to cover the benefits for all present and future retirees. Then the financial crisis of 2008 hit. The country’s largest ...

Every four years, California’s largest public pension fund undertakes a reevaluation process to balance its anticipated investment returns with the expected cost of benefits paid to retirees. This ...

This story was originally published by CalMatters. Sign up for their newsletters. Several candidates for the board of California’s largest public pension fund are complaining that the fund put its ...

Add Yahoo as a preferred source to see more of our stories on Google. Six candidates vying for one of two board seats on the country’s largest pension system outlined their visions for the California ...