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 ...