CalPERS Tries To Think Outside The Box… With Private EquityMichelle Jones
The investment committee for the California Public Employees' Retirement System was told to think "out of the box" to figure out how to beat their projected 7% return, and only a day later, the nation's largest pension fund revealed a plan to wade deeper into private investments. It seems like CalPERS is moving rather quickly for a pension fund that's been battling unfunded liabilities and a feud . . .
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