Private Equity Pays off for CalPERS

The California Public Employees' Retirement System has revealed that it ended the 2010 calendar year with a total of $225.7 billion in fund assets after its investments generated a 12.5% net return for the year. Private equity proved to be a particularly fruitful endeavor for the public pension fund as its Alternative Investment Management Program produced a 21.5% overall return, the highest of all of the funds' asset classes.