Calpers Beats Pre-Recession High, But Still in Danger
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  • You don’t need China-like growth to achieve a 7.5% return. That’s really well below historical equity market returns. They just need to stay away from most fixed-income.

  • bigfire

    On one hand, Calper acted like the mobs from “Good Fellas” in their demand for money from the cities, bankruptcy or not. On the other hand, their ‘green’ initiative and other good ideas is costing them actual return on investment that they’ll need if they’re at all serious about fulfilling their obligation.

    It’s run like a typical leftist entity that it is.

  • They’ll no doubt try to get it from California taxpayers who don’t have pensions. That would be me.

  • Calpers has been mismanaging its investments and been way too optimistic regarding returns since the 90s boom. I see little hope of them becoming suddenly sensible.

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