The nation’s largest pension fund and health insurer WellPoint Inc. cut medical costs 19 percent by capping the price of some surgeries, in the latest sign payers are taking a tougher line against rising hospital claims.
California Treasurer Bill Lockyer, who never realized his ambition of governing the most-populous state, may remain a powerbroker after leaving office with $2.5 million in campaign funds and four decades in politics.
Austin Ventures, the biggest backer of technology startups in Texas’s capital city, is reducing the size of its next fund by half from its prior fund as it focuses on younger companies, said two people familiar with the matter.
The California Public Employees Retirement System, the largest U.S. public pension, agreed to take a stake in an underwater power cable between New York and New Jersey, its second infrastructure investment.
The California Public Employees Retirement System, the largest public pension plan in the U.S., will reduce its holdings in corporate bonds by 4.1 percentage points, moving the money into cash, inflation-linked bonds and infrastructure.
The California Public Employees Retirement System replaced LaSalle Investment Management as manager of $1.96 billion of its industrial real estate, handing the work over to GI Partners LLC and RREEF Investment GmbH.
California Public Employees' Retirement System Photos