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CalPERS Returns 0.61 Pct In Past Year Amid Market Volatility
FYI: California Public Employees' Retirement System posted a slightly higher-than-expected 0.61 percent net return on investment for the 12-month period that ended June 30, the pension fund's Chief Investment Officer Ted Eliopoulos said on Monday. Regards, Ted http://www.reuters.com/article/usa-calpers-investment-idUSL1N1A40SW
"I'm proud to report in the face of that volatility and turbulence the total fund was able to return a modest, positive return for the year," said Eliopoulos
Only CalPERS would be proud of an 0.61% gain in the past year. Their return was the same as a riskless investment in an ultrashort term bond fund. I'll bet the management fees were higher than the fund returns.
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