Senate rejects CLO modernization bill after concerns about investment authority and online auctions The Senate voted down SB 14‑76, a Commissioner of Land Office (CLO) reform package that would have added online sales, allowed limited private equity/credit investments and a 25‑year lease cap for investment properties; opponents warned the bill broadened investment risk and could harm agricultural lessees and local taxing districts.

The Senate's rejection of the CLO modernization bill has sparked fierce debate over the risks of online auctions and expanded investment authority—could it jeopardize local economies?

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CalPERS Adopts Total Portfolio Approach, Sets July 1 Implementation A CalPERS leadership representative said the board voted this week to adopt a total portfolio approach to investing, prioritizing overall fund health with a July 1 start; the remarks highlighted climate portfolio growth, private equity performance and allocations to diverse managers.

CalPERS is revolutionizing its investment strategy with a bold “total portfolio approach” aimed at securing retirement for 2.4 million members, set to launch on July 1!

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CalPERS investment committee adopts Total Portfolio Approach, sets 75/25 reference portfolio and 400 bps active risk limit After a day of presentations, public comment and debate, the CalPERS Investment Committee approved a shift to a Total Portfolio Approach with a 75% equity / 25% bond reference portfolio and a 400-basis-point active risk limit; staff will implement related policy and reporting changes and hold stakeholder webinars.

The CalPERS Investment Committee has officially adopted a groundbreaking Total Portfolio Approach, shifting to a 75% equity and 25% bond strategy that promises to reshape investment governance.

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