California Political Influence versus Fiduciaries
Posted on 07/18/2012
Managing public pension fund money with multiple stakeholders is a complex undertaking, dealing with politicians and implementing new legislation is even more challenging. The California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the United States, reported a 1% return on investments for the twelve months that ended June 30, 2012. It […]
