California Public Employees Retirement System

About The Fund

The California Public Employees' Retirement System (CalPERS) is a defined-benefit public pension fund based in Sacramento, California, established in 1932. With the core responsibility of managing retirement and health benefits for state employees, CalPERS serves a broad constituency, including public employees, retirees, and their families. The fund is governed by a board that delegates investment decisions to a finance and investment committee which oversees the management of the pension fund's assets. CalPERS invests across various sectors such as Information Technology (IT) and Telecom, Media, and Technology (TMT), Hardware and Manufacturing, Artificial Intelligence (AI) and Big Data, Web Security and Privacy, Real Estate and Construction, Life Sciences, and the Oil, Gas, and Mining industry. As a sizeable institutional investor, CalPERS takes pride in its investment philosophy, which encompasses seeking sustainable and responsible long-term returns to secure the financial future of its stakeholders. The fund's investment approach is underpinned by the principles of risk management and diversification, as well as following corporate governance best practices. CalPERS adopts a global investment outlook and participates in various asset classes, including public equities, fixed income, real assets, and private equity. An integral part of their mission involves advocating for good governance and sustainability among portfolio companies, with the belief that these practices contribute to long-term value creation. The fund is also transparent about its financial performance, including income sources and expenses, and committed to serving the interest of its members through various educational resources and engagement regarding retirement and health benefits, showcased through a wealth of information presented on its website.