Moody’s Investors Service Inc. says the California Public Employees Retirement System can’t blame it for almost $800 million in losses on top-rated investments that later collapsed because its assessments are opinions and not guarantees or facts.
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.
Newport Beach, California, where four ranking lifeguards earned more than the town’s $109,677 median household income in 2012, may partially disband its municipal ocean rescue to deal with rising pension costs.
California Public Employees Retirement System, the largest public pension in the U.S., plans to invest $500 million in companies working on curbing greenhouse-gas emissions and improving the environment.
The California Public Employees Retirement System’s investment chief urged President Barack Obama to oppose a proposal to curb the ability of shareholders to list board candidates on corporate proxy statements.
Standard & Poor’s, Moody’s Investors Service and Fitch Ratings must face the California Public Employees Retirement System’s lawsuit claiming their faulty risk assessments on structured investment vehicles caused $1 billion in losses.
California Public Employees' Retirement System Photos