The $8.2bn Los Angeles City Employees’ Retirement System will invest 90% of its portfolio in closed-ended commingled funds, primarily with core and value-added managers.
2 min read · 24 January 2013
The placement agent has denied he 'gave, accepted and failed to disclose gifts' to senior pension executives, after being charged with allegedly 'attempting to bribe' CalPERS official Leon Shahinian.
2 min read · 24 January 2013
The EU Parliament’s Economic and Monetary Affairs Committee was scheduled to vote on a final version of the controversial AIFM Directive, but the vote was delayed one week for procedural reasons.
2 min read · 24 January 2013
Former US Treasury Secretary Henry Paulson does not support the Volcker rule, nor does he believe it would have saved any failed banks during the financial crisis.
2 min read · 24 January 2013
The $138bn pension has joined its neighbour CalPERS in supporting legislation that would prevent the two funds from investing with real estate managers who try to convert rent-controlled apartments. CalSTRS staff will also consider possible penalties for GPs who abuse the ban.
2 min read · 24 January 2013
Responding to administrative burdens, the State of Wisconsin Investment Board is seeking a consultant to help the pension monitor its sprawling private equity portfolio.
2 min read · 24 January 2013
The attorney general of California today filed a civil suit against placement agent Alfred Villalobos and a former CalPERS board member. In addition, the head of the pension’s giant alternative investment programme has been placed on administrative leave.
2 min read · 24 January 2013
The attorney general of California today filed a civil suit against placement agent Alfred Villalobos and a former CalPERS board member. In addition, the head of the pension’s giant alternative investment programme has been placed on administrative leave.
2 min read · 24 January 2013
The Private Equity Council’s president, Doug Lowenstein, said at a conference Wednesday a tax hike on carried interest in the US is likely to pass – and it’s just one of several tax measures that will hit GPs in the wallet.
3 min read · 24 January 2013
Placement agent Alfred Villalobos is facing a civil suit, while the head of the pension’s alternatives programme has been placed on leave.
2 min read · 24 January 2013
