Katie Fehrenbacher at earth2tech makes the catch:
...The country’s largest pension fund, the California Public Employees’ Retirement System, has lost a considerable amount of money investing in clean technology. CalPERS had close to a 10 percent negative return (9.8 percent) on the around $900 million that it’s put in the cleantech sector, which includes $460 million that it’s put into clean tech venture funds, said CAlPERS CIO (chief investment officer) Joseph Dear at the Wall Street Journal’s Eco:nomics conference on Wednesday night....MORE
...“Just because it’s a good idea doesn’t make it a good investment … This has been a noble way to lose money.”..
