CalPERS Policy Decision
Submitted by Headwater Investment Consulting on July 8th, 2015By Kevin Chambers
In our recent paper discussing the asset allocation of Foundations and Endowments [insert link], we pointed out how many of the largest Foundations and Endowments are investment “trend setters.” Many investors follow the moves, strategy, and advice of the financial minds that run these large institutions. This is also true for another pillar of financial institutions: pension funds. The California Public Employees’ Retirement System (CalPERS) is the largest pension fund in the United States. CalPERS manages over $300 billion and has made some pretty drastic investment decisions in the last 12 months.
