CalPERS discloses $900 mln lower return after selling stocks: Reuters

private equity, secondaries
Woman dreaming of financial success. Photo courtesy ©iStock/SIphotography
The California Public Employees’ Retirement System announced on Feb. 13 that it had a lower return of about $900 million since September, when the fund reduced risk from the portfolio by selling some equities. CalPERS Chief Investment Officer Ted Eliopoulos ...

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