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The 401(k) Industry Braces Itself for Fruits of a CalPERS Rethink
RIABiz Link to more items from this source
[Opinion]
Sept. 11, 2013
"[CalPERS], the nation's largest pension fund, already made a relatively quiet move to an all-passive equity strategy in its more microscopic and less-known 401(k)-like $1.6 billion Supplemental Income Plan.... On Monday Sept. 16, CalPERS Investment Committee at its monthly meeting will vote on its major long-term strategies dubbed its investments belief policy. The committee is voting on seminal 'belief' changes for the giant $260 billion pension fund going forward, with possibility raised of relying far more on passive funds in its accounts. Right now, the giant pension fund is 65% active and 35% passive in its equity portfolios."

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