CalPERS

The California Public Employees' Retirement System (CalPERS), an organization that provides numerous benefits to its more than 1.6 million members, including health insurance, long-term care insurance, death benefits, mortgage program, and distribution of pension and retirement-related financial benefits. CalPERS Investments is the nation's largest public pension fund and, given its size, it is able to exercise significant pressure to make desired changes within the companies in which it invests.

CalPERS Investments publishes an annual "Focus List," which contains companies with concerning financial performance and questionable or undesirable corporate governance practices. Instead of boycotting these companies – and posing a significant threat to their attractiveness as a business for investment by other firms – the organization works with listed companies to improve their performance. The resulting turnaround for companies on the Focus List has created a phenomenon known as the "CalPERS effect."


Investment dictionary. . 2012.

Look at other dictionaries:

  • CalPERS — The California Public Employees Retirement System (CalPERS) provides pension fund, healthcare and other retirement services for approximately 1.5 million California public employees. As of October 2007, it owns $254.8 billion worth of stock,… …   Wikipedia

  • CalPERS — 38° 34′ 30″ N 121° 30′ 18″ W / 38.575, 121.505 Le California Public Employees Retire …   Wikipédia en Français

  • CalPERS — See *California Public Employees’ Retirement System …   Auditor's dictionary

  • CALPERS —  California Public Employees’ Retirement System …   American business jargon

  • California Public Employees’ Retirement System — CalPERS A major institutional investor. Based in Sacramento, CA, CalPERS is the largest public pension fund and retirement system in the United States. Founded in 1932 as the State Employees’ Retirement System, it adopted its current name in 1967 …   Auditor's dictionary

  • California Public Employees’ Retirement System — (CALPERS)  Large, public retirement fund.  ► “The California Public Employees’ Retirement System (CALPERS) has expanded its feared yet respected corporate governance programs. Now, it will examine the quality of individual company directors and… …   American business jargon

  • Lexington Partners — Infobox Company company name = Lexington Partners company type = Private Ownership company foundation = 1994 location = industry = Private Equity products = Private Equity Secondaries assets = $13 billion homepage =… …   Wikipedia

  • Private equity fund — is a pooled investment vehicle used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited… …   Wikipedia

  • California State University Emeritus and Retired Faculty Association — The [http://csuerfa.org/ California State University Emeritus and Retired Faculty Association] also known as CSU ERFA is a statewide, nonprofit organization comprised of emeritus and retired faculty members from all 23 campuses of the California… …   Wikipedia

  • Private equity in the 21st century — relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub industries, leveraged buyouts and venture capital experienced growth along parallel although… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.