Official: CalPERS Unlikely To Meet Annual Earning Target
California's public pension fund earned just 3% in the first 10 months of the fiscal year, significantly short of its 7.5% annual target, according to a CalPERS financial report released Thursday. During a CalPERS board meeting last week, CalPERS' Chief Investment Officer Ted Eliopoulos said the public pension fund likely will not meet the annual target when the fiscal year ends this month.
- "CalPERS Likely To Fall Short of Annual Investment Goals" (Starkman, Los Angeles Times, 6/25).