Calpers adopts new approach to assess risk and returns
The $556bn US public pension fund will increase equity allocation under overhauled framework to improve returns
The $556bn US public pension fund will increase equity allocation under overhauled framework to improve returns

Calpers believes private markets will outperform in the long term. Sceptics question its strategy

Pullback underscores concerns about looser underwriting standards and rising credit risks

US private capital group expected to restart fundraising in flagship European buyout fund

Push to widen access comes with high fees, average returns and ‘ample dollops of additional risk’, says Olympus Partners founder

Stronger guardrails are needed before these funds seep into the $9tn US retirement market

Public and private-sector funds concerned over market’s growing concentration in a small number of tech stocks