US - California Public Employees' Retirement System (CalPERS) registered a 12.3% returns on investments over the year to June 30 and generated US$8bn more than it would have from its assumed rate of return of 7.7%.
The US$208bn pension fund exceeded industry benchmarks in five of eight major investment portfolios during the 2005-06 fiscal year. CaLPERS’ 5% real estate allocation was the portfolio that gain...
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