US - The California Public Employees' Retirement System (CalPERS) has posted a return of 13.5% for 2004 and reached an all-time high of US$182.9bn in assets.
The fund’s assets climbed US$21.5bn from the previous year, according to a report by Mark Anson, CalPERS chief investment officer. “This performance hit on all cylinders,” commented Rob Feckner,...
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