Calpers Tops $260 Billion as It Recoups $95 Billion Loss – Bloomberg 04-25-13

Salient to Investors:

Calpers market value exceeds the high set before the global financial crisis wiped out more than a third of its wealth, but is is still short $87 billion, or 26 percent, of meeting its long-term commitments.

Calpers has half of its money in equities, and returned 13 percent in 2012, the same as the S&P 500.

The 100 largest public pensions in the US had $2.9 trillion in assets in Q4 2007, $2 trillion in 2009 and almost $2.8 trillion as of September 30 2012.

As of January 31, 2013, Calpers is 16 percent in bonds, 13 percent in private equity, 8 percent in real estate, 4 percent in cash-equivalents, 4 percent in inflation-linked holdings such as commodities, and 1 percent in forest land and infrastructure such as airports and power plants.

Read the full article at http://www.bloomberg.com/news/2013-04-25/calpers-tops-260-billion-as-it-recoups-95-billion-loss.html

Click here to receive free and immediate email alerts of the latest forecasts.