Sat, Oct 29, 2016
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. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  2. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  3. Other Voices: Don’t mistake style for skill — The impact of style factors on trend follower performance[more]

    By John Dolfin, CFA Chief Investment Officer and Christopher Maxey, CAIA, Senior Portfolio Manager of Steben & Company: Managed futures have become an alternative asset class that is widely used by investors seeking overall portfolio diversification and absolute returns independent of the

  4. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  5. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe