Fri, Oct 9, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

CalPERS reports a 12.5% return on investments for 2012-13 fiscal year

Tuesday, July 16, 2013

Benedicte Gravrand, Opalesque Geneva:

The California Public Employees' Retirement System (CalPERS), the largest public pension fund in the U.S., yesterday reported a 12.5% return on investments for the 12 months up to June 30, 2013. The System’s assets stood at more than $257.8bn (up from $254.5bn earlier this year).

The 12.5% return is above the Fund's discount rate of 7.5%, the long-term return required to meet current and future obligations, according to CalPERS’ announcement. Its 20-year investment return is 7.6%, and its return since 1988 is 8.5%.

The 2012-2013 fiscal year’s gain was led by strong performance from investments in public equity (which returned 19%), private equity (13.6%) and real estate (11.2%). Absolute return strategies contributed 7.4% to the gains, and inflation assets 0.2%. But fixed income and liquidity assets investments lost 1.6% and 0.8% respectively.

Joe Dear, CalPERS' CIO, said the fund stuck with its exposure to growth assets throughout the period. Furthermore, the managers strengthened its internal investment controls and risk management procedures.

Earlier this year, we heard that the pension fund was looking into reshaping its ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko