Thu, Jan 19, 2017
A A A
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 - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised