What's super-gigantic and almost totally ineffective at makingmoney?
Insert your federal government joke here. But the same can besaid, sadly, for the nation's largest public employee retirementsystem, which managed to eke out a rather awful 0.14-percent netreturn on its investments in the 2011-2012 fiscal year.
The Orange County Register reports that the California PublicEmployees' Retirement System, which expects a healthy 7.5 percenton its investments to keep its $200-plus-billion in assets afloat,did not do so.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
