Relevant:
- CalPERS axing investment managers over real estate losses
- Calpers To Report Losses of 103% on its Residential Investments
- Calpers Earns 0.6% as Long-Term Returns Trail Fund's Target (FED LOVE FAILS TO SPREAD AROUND WELL?!)
- With Pension Fund Giant Calpers Quitting Hedge Funds, Other Investors Reflect
- California pension funds close to bankruptcy
2011-08-16 — bloomberg.com
"The California Public Employees Retirement System, the largest U.S. pension, will lower its goal for real-estate investments for the rest of the year and put greater reliance on stocks and bonds."
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