The California Public Employees’ Retirement System’s 14.8% return was powered by equities, but its rebuilt private equity programme made the result stronger.CalPERS estimates that the US$47 billion deployed under its current private equity strategy generated US$9.9 billion more than cap-weighted public equities through March 2026. It calculates that the difference...
The California Public Employees’ Retirement System’s 14.8% return was powered by equities, but its rebuilt private equity programme made the result stronger.CalPERS estimates that the US$47 billion deployed under its current private equity strategy generated US$9.9 billion more than cap-weighted public equities through March 2026. It calculates that the difference...