Fund investments still dominate for CalPERS over long term

CalPERS, pension fund, private equity
Calpers headquarters in Sacramento, California, on October 21, 2009. Photo courtesy Reuters/Max Whittaker - RTXPWO1
  • Fund investments net 10.1 pct annualized return over decade
  • Co-investments, directs underperform funds
  • CalPERS mulls more co-investments, directs, in cost-cut effort
Fund investments were the top-performing strategy of California Public Employees’ Retirement System’s private equity program over the previous decade, even as the $331.7 billion system explores alternative strategies to access PE returns. The $17.1 billion portfolio of PE fund investments delivered a ...

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