Saturday, July 19, 2008

CalPERS fund loses 2.4% for year

From the San Jose Business Journal:

Preliminary estimates by the California Public Employees' Retirement System show the fund incurred an overall loss of 2.4 percent for its fiscal year ended June 30, reflecting the worldwide economic slowdown.

The preliminary numbers include real estate and private equity returns for the 12 months ending March 31, which are subject to appraisals and change.

Despite reporting a loss, the fund far outpaced the performance of global equity markets, which are down 10.4 percent, according to the MSCI All World Country Index....

...The asset allocation at CalPERS, as of June 30, is: 51.9 percent for public equities, 24.7 percent for fixed income, 10.3 percent for private equity, 9.9 percent for real estate, 2.0 percent for inflation-linked*, and 1.2 percent for cash and cash equivalents....MORE

*See: "Pension Funds Drive Growth Of Alternative Assets. And: CalPERS Up 68% on Commodities; Down 31% on Real Estate. Action, Baby, Action!"

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