24
Jan
2012

CalPERS earns 1.1% on investments in 2011…

Categories: California Developments
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The nation’s largest public pension fund, the California Public Employees’ Retirement System, posted a 1.1% return on its investment portfolio in 2011, Chief Investment Officer Joseph Dear told his board. The 2011 performance was well below the estimated average annual return of 7.75% that the fund’s actuaries say is needed to meet current and future obligations to its members.

http://articles.latimes.com/2012/jan/24/business/la-fi-calpers-returns-20120124

 

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