The California Public Employees’ Retirement System is considering more than doubling its investment in municipal bonds and other fixed-income assets while lowering volatility, according to proposals set for discussion at a workshop on Monday. The board of directors for CalPERS, the largest U.S. pension fund, with a market value of $342.5 billion, is mulling new investment strategies at a time of low bond yields, high prices and the second-longest bull market in history. Monday's Asset Liability Management Workshop at CalPERS' Sacramento headquarters is intended to give board members a sense of the potential impact and risk of each plan, spokeswoman Megan White said.
Calpers to Propose Lowering Investment Target, Document Says Calpers to Propose Lowering Investment Target, Document Says
The largest U.S. pension fund could reduce its 7.5% return goal by as much as a quarter percentage point a year, a move that could lead to higher contributions from workers and local governments.
Deutsche Börse Considers Lowering Tender Threshold to Save LSE Merger Deutsche Börse Considers Lowering Tender Threshold to Save LSE Deal
Deutsche Börse is considering lowering the approval threshold for its proposed merger with the London Stock Exchange, the strongest sign yet of how committed both companies are to the deal despite mounting questions following the U.K.’s vote to leave the EU.
Calpers Misses Big on Investment Target Calpers Misses Big on Investment Target
Calpers's 1% return for the fiscal year ended June 30 could force the state of California and its cities to contribute more to the retirement system.
Calpers Lowers Investment Target to 7.5% Calpers Lowers Investment Target to 7.5%
Calpers lowered a crucial investment target for the first time in nine years in a widely watched move that will add millions of dollars in retirement costs to the state of California, its schools and county agencies.
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Calpers Taps Insider as Chief Investment Officer Calpers Taps Insider Ted Eliopoulos as Chief Investment Officer
The board of the largest U.S. public pension fund tapped Ted Eliopoulos as its permanent investment chief, ending a seven-month search in favor of a longtime insider.
Calpers Chief Investment Officer Dies After Battle With Cancer Calpers Chief Investment Officer Dies
The chief investment officer of the California Public Employees' Retirement System, Joe Dear, died on Wednesday following a battle with prostate cancer.
Calpers Reports Lowest Investment Gain Since Financial Crisis Calpers Reports Lowest Investment Gain Since Financial Crisis
The largest U.S. public pension posted its lowest annual gain since the last financial crisis due to heavy losses in stocks.
Soaring Tobacco Stocks Prompt Calpers to Reconsider Investment Strategy Soaring Tobacco Stocks Prompt Calpers to Reconsider Investment
The California Public Employees’ Retirement System may reconsider a decision it made 16 years ago to sell tobacco holdings after an outside consultancy concluded that it missed out on up to $3 billion in net investment gains.
A Flexible Take on Fixed Income A Flexible Take on Fixed Income
Spotlight: Pimco Unconstrained Bond has recently been among the most popular 'go anywhere' bond funds
In Fixed Income, a Fight to Survive In Fixed Income, a Fight to Survive
Deutsche Bank's and UBS's divergent fortunes in fixed-income trading highlight changes that could force other banks to join the Swiss bank in largely leaving the business.
Fixed-Income Area Slumps Fixed-Income Area Slumps
With big U.S. banks set to report quarterly earnings next month, Jefferies Group's decline in third-quarter fixed-income revenue is expected to foreshadow declines at other banks, though not as pronounced as at Jefferies.
UBS to axe 10,000 jobs in fixed income retreat
Transport ministry considers fixed-fare taxi services for frequent riders The transport ministry is planning to introduce fixed-fare unlimited-ride services for taxis, similar to commuter passes for trains, to help attract more customers, officials said ...
Taiwan Considers Tax Increase on High-Income Earners Taiwan Considers Tax Increase
Taiwan's government, running a deficit budget for the sixth straight year, plans to increase taxes on high earners and financial institutions, as the export-dependent economy is showing more signs of picking up.
Fidelity Names New Fixed Income President Fidelity Names New Fixed Income President
Fidelity Investments said it appointed Nancy D. Prior as president of its fixed income division, which manages more than $750 billion in assets and includes the company's bond and money-market divisions.
Morgan Stanley Seeks a Fixed-Income Fix Morgan Stanley Seeks a Fixed-Income Fix
One of James Gorman's challenges is to convince investors that Morgan Stanley isn't too small to compete. Its performance in the first quarter didn't make the chief's job easier.
Fixed-Income Trading Plunges at Jefferies Fixed-Income Trading Plunges at Jefferies
Jefferies Group's core fiscal third-quarter profit and revenue plunged sharply from a year ago, amid weak fixed income trading results—a bad omen for larger rivals Goldman Sachs and Morgan Stanley.
Knight Looks to Sell Fixed- Income Units Knight Looks to Sell Assets
Knight Capital Group plans to sell some assets and has cut staff ahead of the trading firm's planned sale to a rival, according to people close to the company.
Goldman Sachs to Step Up Efforts in Fixed Income Goldman Sachs to Step Up Efforts in Fixed Income
Goldman Sachs President Gary Cohn vowed the bank will "redouble or triple our efforts" in fixed-income trading after the business slumped last quarter.
Jefferies Profit Plunges on Fixed-Income Weakness Jefferies Profit Plunges
Jefferies said earnings plunged in its fiscal first quarter amid a 56% drop in fixed-income trading revenue.
Fixed Income Boosts Battered European Banks Fixed Income Boosts Battered European Banks
Bond trading is back. The question for European investment banks is just how much they can cash in.
Citigroup Disappoints on Mortgage, Fixed-Income Weakness Citigroup Disappoints on Mortgage, Fixed-Income Weakness
Citigroup's fourth-quarter profit rose but results sharply missed analyst estimates amid weakness in mortgages and fixed-income trading.
Macquarie Sheds Asia FX, Fixed-Income Jobs Macquarie Sheds Asia FX, Fixed-Income Jobs
Macquarie sheds six positions at its Asia fixed-income division in Singapore, part of a wider move to trim operations globally and focus on the business lines that show the greatest promise.
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