CalPERS investments underperform. CalPERS underperformed for a decade, investment chief says in pitch for more risk. The country’s largest public pension system earned an average of 7.7% per year on its investments over the last 10 years. That’s 1.2% less than a hypothetical peer should have expected to earn in the same time period. To remedy the […]
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System is searching for public equity investment managers with an environmental, social and governance focus. There are up to six new ESG manager spots available for consideration. This is a great opportunity for ESG focused PE Managers. You will be working with one of the most progressive funds […]
PLANSPONSOR.com reports, a provision in President Obama’s Fiscal Year 2014 budget that pertains to employee stock ownership plans (ESOPs) could result in a disincentive for offering the plans. The provision would eliminate Internal Revenue Code section 404(k), an incentive for ESOP creation and operation that permits a C corporation to deduct the value of dividends paid […]
Up From Wall Street: The Responsible Investment Alternative by Thomas Croft is a book that should be read by all working North Americans, concerned with the reckless loans and short-term stock market bets that nearly plunged the world’s economy into chaos. The book is especially relevant to those working at and those seeking to influence […]