CalPERS 1.1% ROI for 2011
Posted on 01/24/2012
The California Public Employees’ Retirement System (CalPERS) received a 1.1% return on investment for 2011. It is far short than its 7.75% rate of return assumption. Public pension investors have been greatly impacted by capital market volatility. Many have been forced to reduce return assumptions, increase allocation to illiquid investments, and further exposure to emerging […]
