Cerberus seeks over $3 billion for private equity fund

Cerberus Capital Management LP is seeking more than $3 billion for its latest flagship private equity fund to invest in distressed assets such as non-performing loans and ailing companies that need to be restructured, people familiar with the matter said.

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Creditor to oppose San Bernardino bankruptcy plan favoring Calpers - source

A major capital markets creditor of bankrupt San Bernardino, California, will oppose any exit plan that is more favorable to Calpers, California's public pension fund, a source familiar with the creditor's strategy said on Thursday.

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Infrastructure investors line up for Indiana toll road

Some of the world's largest pension funds and infrastructure investors are forming consortia to bid for the operator of an Indiana toll road that filed for bankruptcy last month, according to people familiar with the matter.

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How Bill Gross became too hot for Pimco to handle

Bill Gross' abrupt departure from Pimco, the giant bond firm that he co-founded more than four decades ago, was preceded by months of clashes between the star investor and the firm's executive committee that got progressively worse, according to sources familiar with the situation.

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CalPERS says HP/Autonomy shareholder settlement needs more work

The California Public Employees' Retirement System has asked a U.S. judge to reject a proposed settlement between Hewlett-Packard Co and shareholders over the computer maker's botched acquisition of Autonomy Plc.

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Calpers Chief Investment Officer Joseph Dear takes medical leave

Joseph Dear, the Chief Investment Officer of Calpers, the largest public pension plan in the US, has taken a medical leave to continue his personal health treatments, Bloomberg reported.

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Report says some big public pension funds imitate activist investors

According to a report on The New York Times' The Dealbook, some of the largest public pension funds in the US were following the footsteps of activist investors like Carl Icahn, William Ackman and Daniel Loeb.

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Calpers delays database launching

Calpers, a US $259 billion fund, delays the launching of its database that would make known information about their pensioners.

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Calpers commits $500 million to Blackstone separate account

Calpers, the biggest U.S. public pension fund, will commit $500 million to a managed account overseen by Blackstone Group LP.

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