The largest pension fund in the USA is Calpers. A fund with assets totalling £169.4 Billion ($263.9 billion)
Calpers is the California Public Employees’ Retirement System.
Calpers provide retirement and health benefits to more than 1.6 million public employees in California at its retirees.
The Pension Fund:-
ASSET CLASS ACTUAL INVESTMENT ($BILLIONS) INVESTMENT %
Growth Funds $170.5 65.0%
Income Funds $42.8 16.0%
Liquidity Funds $10.5 4.0%
Real Estate $21.1 8.0%
Infrastructure $3.4 1.0%
Inflation Funds $9.8 4.0%
Absolute Return Strategy $5.3 2.0%
Multi Asset Class $0.5 0.0%
Total Fund $263.9 billion 100.0%
Big numbers to meet the pension obligations. Interesting to see the largest segment of assets are held in growth funds (equities). With an aging pension population, the funds needs to invest in growth stocks. This fund controls assets of $263 Billion, and thus has significant influence on the shares it owns and thus the boards of companies it invests in. A long term investor.