Calpers Earns 12.5% as Stocks Buoy Pension Fund’s Returns – Bloomberg 07-15-13

Salient to Investors:

Calpers assets passed a pre-recession high of $260.6 billion in May, 5 years after the global financial crisis wiped out more than a third of its value, by keeping exposure to growth assets.

Calpers lost a record 23 percent in 2009, gained almost 21 percent in 2011, and earned 1 percent in 2012.

Read the full article at  http://www.bloomberg.com/news/2013-07-15/calpers-earns-12-5-for-year-as-stocks-buoy-pension-s-returns.html

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