News & Events

CalPERS February 2019 Board Meeting Recap

CalPERS Board Meeting Recap

The CalPERS Board met from Tuesday, February 19, through Thursday, February 21, at the CalPERS headquarters in Sacramento, California.

A recording of all the public meetings have now posted to the CalPERS YouTube channel.

Following are highlights from this month’s meetings.

Board Committee Elections

The CalPERS Board of Administration has elected the following chairs and vice chairs of key board committees:

  • For the Investment Committee, Bill Slaton was elected chair and Rob Feckner was elected vice chair.
  • For the Finance & Administration Committee, Theresa Taylor was elected chair and David Miller was elected vice chair.
  • For the Risk & Audit Committee, Dana Hollinger was elected chair and David Miller was elected vice chair.
  • For the Performance, Compensation, & Talent Management Committee, Theresa Taylor was elected chair and Dana Hollinger was elected vice chair.

Committee chairs and vice chairs for the Board Governance Committee and the Pension & Health Benefits Committee will be named at the March board meeting.

You can read more from our CalPERS’ Board Elects Committee Chairs, Vice Chairs news release.

Investment Committee

The CalPERS investment team presented a summary of economic views, market analysis, portfolio performance, and risk analysis of the fund for the period ending December 31, 2018, to the board. While the update showed that 2018 ended in negative territory, the CalPERS fund came back strong in January, and February has turned out to be strong so far.

In addition, team members provided the board with an update regarding the private equity business models. This was an informational item and no action was taken.

Finance & Administration Committee

The board was presented an overview of the Diversity and Inclusion (D&I) initiatives, programs, and accomplishments across CalPERS. You can learn more about CalPERS’ efforts, including an update on the current workforce demographics, in the newly released Commitment to Diversity & Inclusion Report (2017-18).

The presentation also included an update on the current D&I activities from the Investment Office, which focuses on three areas: corporate boards, external managers, and talent management.

The next CalPERS board meeting will be Monday, March 18, through Wednesday, March 20, at the CalPERS headquarters in Sacramento.