Surprise! CalPERS discovers that hedge funds are expensive, and they don’t magically make money.
Read More
Tag Archives: California Public Employees Retirement System
Ignore Those Numbers Behind The Curtain
Last week, Larry Elkin commented here about the report by the Pew Center on the States that revealed a $1 …
Read More
CalPERS Deflates Its Expectations
California’s state pension system corrects its estimate of investment returns — but it’s probably still wrong.
Read More