CalPERS Moves Some Investments to Lower-Risk Areas
CalPERS has approved a plan to shift some of its private and global investments into less risky markets, such as fixed-income investments, even though the higher-risk investments have been performing well. CalPERS spokesperson Joe DeAnda said the move was positive for the pension fund, adding, "There's a general sense within the organization that when we have an opportunity to lower risk in the portfolio, that's a prudent thing to do."
- "CalPERS Adjusts Investments To Reduce Risk" (Young, Sacramento Business Journal, 5/21).