Sacramento Pension Kings Strike Back
Posted on 07/15/2013
The California Public Employees’ Retirement System (CalPERS) reported a 12.5% return on assets for the twelve months ending June 30, beating last year’s 1% return. CalPERS needs to beat 7.5% per annum to match its assumed rate of return. Total CalPERS fund market value for July 12, 2013 totaled to US$ 262.7 billion. Global stocks […]
