While the board of administration for the California Public Employees’ Retirement System (CalPERS) looks for a new president, it has tapped Douglas Hoffner, the current deputy executive officer for operations and technology for the pension fund to be the interim CEO, starting July 1. The current CEO for CalPERS is Anne Stausboll who announced in… Read More >>
CalPERS Claims Victory in Legal Battle with Moody’s
Claiming a precedent-setting victory, the California Public Employees’ Retirement System (CalPERS) has concluded its case against the ratings agency Moody’s and its allegedly erroneous AAA ratings for illiquid structured investment vehicles that spurred losses for the pension fund and laid the groundwork for the Great Recession. As a result of the lawsuit settled last week,… Read More >>
