CalPERS – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 CalPERS doubling down on allocations to private market assets https://www.benefitscanada.com/canadian-investment-review/alts/calpers-doubling-down-on-allocations-to-private-market-assets/ Fri, 22 Mar 2024 19:00:21 +0000 https://www.benefitscanada.com/?p=153306 The California Public Employees’ Retirement System is increasing its investments in private market assets to maximize returns from its highest-performing asset classes. The pension fund said it’s increasing its private market allocations from 33 per cent to 40 per cent, according to a press release, which noted CalPERS is increasing private equity allocations from 13 […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-53/ Fri, 22 Sep 2023 13:00:53 +0000 https://www.benefitscanada.com/?p=143895 An article on the 2023 Benefits Canada Healthcare Survey’s findings on plan members’ appreciation of health benefits was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. 72% of plan members appreciate health benefits more today than before pandemic: survey 2. 54% of benefits plan members currently live […]

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]]> CalPERS CIO Nicole Musicco to step down this month https://www.benefitscanada.com/notice/appointment-notice/calpers-cio-nicole-musicco-to-step-down-this-month/ Tue, 19 Sep 2023 15:00:15 +0000 https://www.benefitscanada.com/?p=143675 The California Public Employees’ Retirement System’s Nicole Musicco will step down from her role as chief investment officer, effective Sept. 29, 2023. Musicco, who joined the CalPERS in March 2022, will leave the investment organization to attend to the immediate needs of family in Toronto, according to a press release. Dan Bienvenue, deputy chief investment […]

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]]> Five Canadian pension funds receive top scores for transparency: benchmark https://www.benefitscanada.com/pensions/governance-law/five-canadian-pension-funds-receive-top-scores-for-transparency-benchmark/ Wed, 19 Jul 2023 19:00:57 +0000 https://www.benefitscanada.com/?p=141197 Five Canadian pension funds are among the most transparent in the world, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc. The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing. The Canada Pension Plan […]

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]]> Institutional investors, corporations divided on SEC climate disclosure proposal https://www.benefitscanada.com/canadian-investment-review/strategies/institutional-investors-corporations-divided-on-sec-climate-disclosure-proposal/ Thu, 01 Sep 2022 16:30:57 +0000 https://www.benefitscanada.com/?p=126273 An analysis of submissions made to the U.S. Securities and Exchange Commission reveals a sharp divide between the opinions of institutional investors and corporate executives when it comes to a proposal to standardize corporate climate disclosures. “Comments from different parties did not always fall along corporates versus investors, though some did,” wrote Subodh Mishra, global […]

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]]> Canadian pension funds receive top scores in transparency benchmark https://www.benefitscanada.com/pensions/governance-law/canadian-pension-funds-receive-top-scores-in-transparency-benchmark/ Tue, 02 Aug 2022 15:00:12 +0000 https://www.benefitscanada.com/?p=124831 The Canada Pension Plan Investment Board is the world’s most transparent pension fund, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc. The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing. While the rankings are […]

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]]> CalPERS reporting 6.1% loss in last fiscal year: report https://www.benefitscanada.com/canadian-investment-review/db-investments/calpers-endured-6-1-loss-last-fiscal-year-report/ Thu, 28 Jul 2022 16:45:09 +0000 https://www.benefitscanada.com/?p=124879 The California Public Employees’ Retirement System is reporting a net loss of 6.1 per cent for its last fiscal year, according to its preliminary annual results. During the year ending June 30, 2022, the public sector defined benefit pension plan’s value decreased from $466.84 billion to $440 billion. According to a press release, the losses […]

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]]> Canadian pension funds calling on Amazon to review dealings with unions https://www.benefitscanada.com/canadian-investment-review/public-equities/canadian-pension-funds-requesting-amazon-review-dealings-with-unions/ Tue, 31 May 2022 16:30:26 +0000 https://www.benefitscanada.com/?p=122143 Several of Canada’s largest pension funds have backed a proposal requesting that Amazon.com Inc. review how its actions against ongoing union organizing efforts align with its stated commitment to freedom of association and collective bargaining. The proposal by the Shareholder Association for Research and Education and the Catherine Donnelly Foundation was supported by the Alberta […]

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]]> Largest U.S. pension fund appoints Canadian as CIO https://www.benefitscanada.com/notice/appointment-notice/largest-u-s-pension-fund-appoints-canadian-as-cio/ Thu, 24 Feb 2022 14:00:11 +0000 https://www.benefitscanada.com/?p=117152 The California Public Employees’ Pension Retirement System is appointing Nicole Musicco as its new chief investment officer, effective March 28. She joins the CalPERS from RedBird Capital Partners, where she led the firm’s Canadian investment business. Previously, she managed the private markets investment program at the Investment Management Corp. of Ontario. She also spent 16 years […]

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]]> Caisse, CPPIB, PSP focusing on ESG, sustainable finance with new initiatives https://www.benefitscanada.com/canadian-investment-review/strategies/caisse-cppib-psp-focusing-on-esg-sustainable-finance-with-new-initiatives/ Mon, 04 Oct 2021 19:00:19 +0000 https://www.benefitscanada.com/?p=108800 More than 20 financial organizations in Quebec, including the Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board, are joining forces to tackle the climate emergency. The initiative, the Statement by the Quebec Financial Centre for a Sustainable Finance, aims to affirm Quebec’s leadership in sustainable finance and the financial institutions’ […]

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