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- February 1, 2018: Vol. 30, Number 2

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CalPERS establishes new asset allocations

by Jody Barhanovich

The $346 billion California Public Employees’ Retirement System has established the asset allocation for its investment portfolio for the next four years. Of the four options under consideration, the board selected the allocation of assets that is most similar to the current portfolio.

The new asset allocation will be distributed as follows:

50 percent global equity 28 percent fixed income 13 percent real assets 8 percent private equity 1 percent liquidity

Housed within the real assets allocation, CalPERS’ target allocation to real estate is 11 percent. The real estate portfolio makes up $30.54 billion of the pension fund’s total market value.

“We’ve done significant analysis to get to this point,” said Henry Jones, chair of the investment committee, in a statement. “After reviewing the capital market assumptions, hearing from our stakeholders and considering the recent change made last year i

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