The US$473 billion pension fund CalPERS earned a net return of 21.3% in the latest fiscal year ending June 30, narrowly missing its benchmark return by 40 basis points. Yet, the bigger concern is its ongoing CIO vacancy at a time when its funded status - although improving - remains...
The US$473 billion pension fund CalPERS earned a net return of 21.3% in the latest fiscal year ending June 30, narrowly missing its benchmark return by 40 basis points. Yet, the bigger concern is its ongoing CIO vacancy at a time when its funded status - although improving - remains...