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图表15CalPERS当前所处的ALM周期及其时间安排(2023-2026)
图表15CalPERS当前所处的ALM周期及其时间安排(2023-2026)
行业数据
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原图定位
图片属性
图片格式:PNG
图片大小:397KB
图片尺寸:2281*1318
同报告图片
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
所属报告:
全球公共养老金行业研究系列(五):美国CalPERS资产负债管理的平衡术-250125(45页).pdf
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相关数据
图3-34集中化运营模式的ALM
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2025-11-26
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图3-35赋能和协同运营模式的ALM
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2025-11-26
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图3-33去中心化运营模式的ALM
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商业模式
2025-11-26
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图表12CalPERS部分投资与财务相关报告
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2025-02-06
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图表23CalPERS投资加权平均有效久期(年)
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2025-02-05
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图表10CalPERS2022-2027年战略目标
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行业数据
2025-02-05
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图表532023财年CalPERS同类型基金收益率情况
fCDnsbvliKsgICB8IEdQSUYgIHwgQ1BQSUIgfCBGUlIgIHwgR1BGRyAgfCBDYWxQRVJTIHwKfC0tLS0tLS0tfC0tLS0tLS18LS0tLS0tLXwtLS0tLS18LS0tLS0tLXwtLS0tLS0tLS0tfAp8IOaUtuebiueOhyB8IDIyLjY3JSB8IDEuMzAlIHwgOS42OCUgfCAxNi4xMCUgfCA1LjgwJSAgICB8CgrotYTmlpnmnaXmupDvvJrlkITln7rph5HlrpjnvZHvvIzlubPlronor4HliLjnoJTnqbbmiYA=
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2025-02-05
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表14,灰色线)。CalPERS贴现率的最近一次调整是在2021年7月,由于其在2020-21财年实现了21.3%的投资回报,
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2025-02-05
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图表11CalPERS《总基金投资政策》的历史变化
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政策法规
2025-02-05
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IntelStratix10FPGA的ALM结构
fCAgfCBJbnB1dCB8IE91dHB1dCB8IAp8IC0tLSB8IC0tLSB8IC0tLSB8IAp8IExVVCB8IGRhdGFhLCBkYXRhYiwgZGF0YWQwLCBkYXRhZDEgfCA2IExVVCBvdXRwdXQsIDUgTFVUIG91dHB1dCAoVG9wKSwgNSBMVVQgb3V0cHV0IChCb3R0b20pIHwgCnwgYWRkZXIwIHwgY2FycnlfaW4sIDYgTFVUIG91dHB1dCB8IFN1bSBvdXRwdXQgKFRvcCkgfCAKfCBhZGRlcjEgfCA2IExVVCBvdXRwdXQsIGNhcnJ5X2luIHwgU3VtIG91dHB1dCAoQm90dG9tKSB8IAp8IGNhcnJ5X291dCB8IHwgfCAKfCBsYWJjbGsgfCB8IHwgCnwgcmVnMCwgcmVnMSwgcmVnMiwgcmVnMyB8IHwgfCAKfCBUbyBHZW5lcmFsIFJvdXRpbmcgfCB8IHw=
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2023-02-08
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最后,CalPERS 的 ALM流程通常以四年为一个运行周期(图表 15),每个周期当中会对于整体情况进行中期审查。除了投资办公室和精算办公室分别负责资产和负债端的审查之外,董事会负责审查这一过程的整体风险,同时考虑到基金的长期可持续性,来决定 CalPERS 投资的风险偏好、资产配置与贴现率。此外,CalPERS 的董事会也负责监督这一流程的运作,并用于其管理的 PERF 及其他附属基金。
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全球公共养老金行业研究系列(五):美国CalPERS资产负债管理的平衡术-250125(45页).pdf
2026年美国公共养老金行业报告:资产负债管理框架,ESG投资与千亿气候行动
表14,灰色线)。CalPERS贴现率的最近一次调整是在2021年7月,由于其在2020-21财年实现了21.3%的投资回报,
图表9CalPERS的组织架构
图表7PERF资产规模及增长情况
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