Every four years, California's largest public pension fund undertakes a reevaluation process to balance its anticipated investment returns with the expected cost of benefits paid to retirees. This ...
A little over a year after taking the job of chief investment officer for the California Public Employees' Retirement System, Stephen Gilmore led the $615 billion plan to become the first U.S. pension ...
CalPERS Chief Investment Officer Stephen Gilmore discussed the Total Portfolio Approach and its benefits to employees on the deck outside his office in Sacramento on Nov. 10, 2025. Is Kyle Shanahan ...
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