CalPERS gets what it pays for from private equity

November 24, 2015

The U.S. pension giant revealed that $24.2 bln of net gains from the asset class over 25 years came at the cost of $3.4 bln in so-called carried interest for fund managers. Private equity is pricey and hitherto opaque, but CalPERS’ analysis so far helps justify the fees.

Activist shareholders are back for good reason

March 3, 2010

Activist shareholders are back -- and for good reason.

Norway SWF wages lone governance crusade

October 8, 2009

Norway's $420 billion oil fund is rattling the cage of some of the foreign companies in which it has invested. As a shareholder it deserves praise for putting its head above the parapet. But as a sovereign wealth fund it is treading a fine line.