February 21, 2019

CalPERS does not align itself with American Media's business actions.

We originally invested in Chatham Eureka in 2010. In 2014, we began winding down our hedge fund program, of which Chatham Eureka was a part. We continue to work toward liquidating our remaining holdings and ending our relationship with the hedge fund, which currently represents 0.0006 of the more than $350 billion CalPERS fund.

As a large institutional investor, we invest in a broad variety of asset classes and hold positions in more than 10,000 public companies. Our investment or ownership does not represent an endorsement of a particular company or product. Our primary mission is to invest on behalf of our 1.9 million members in order to deliver the benefits they were promised after a career in public service.