CalPERS sees improvement in PE portfolio performance
The California Public Employees’ Retirement System (CalPERS) saw an improvement in performance from its private equity portfolio in the year ended June 2014, although buoyant public markets led the strong short-term returns.
This follows a decision in early 2014 to reduce the pension system's private equity allocation and CIO Ted Eliopoulos telling the Financial Times earlier this week that he is reducing CalPERS' number of...
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