http://sacramento.cbslocal.com/2012/07/16/largest-public-pension-fund-earns-dismal-1-percent/
CalPERS manages the retirement fund for State of California public employees. For the last fiscal year which ended on June 30th, they provided an all around return of 1%. (S and P 500 was about 3.5% for that period.)
No comments:
Post a Comment