CFAC v. CalPERS
CFAC v. CalPERS CFAC successfully sued CALPERS, California’s public employee retirement system, to force it to disclose the management fees it pays to venture capital, private equity, and hedge funds in which CALPERS invests. Because of its huge size, CALPERS is the de facto standard-setter for the pension industry nationally. When CALPERS settled CFAC’s suit, agreeing to most of the fee disclosures CFAC had sought, public pension plans across the country followed suit. Legal Documents