CalPERS on Instagram: "CalPERS CEO Marcie Frost addressed our Board of Administration Wednesday to highlight a significant shift in the way we think about investing, and its anticipated impact to our retirement system. Earlier in the week, the Board voted to adopt a total portfolio approach, pivoting away from the strategic asset allocation model we'd been adhering to. As Marcie explained, this wholistic approach allows more flexibility and dexterity for our investment managers, and offers new d