Private Equity Pays off for CalPERS
January 24, 2011- Share:
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.
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