Due to the high volatility of global equity markets in 2011 (caused in large part by the ongoing Euro debt crisis and the slowing of global economic growth), the CalPERS pension fund earned 1.1 percent in investment returns for calendar year 2011. CalPERS U.S. equity portfolio lost .03 percent, while its international equity assets declined 13.9 percent. All other CalPERS asset classes had positive returns. CalPERS private equity and fixed income investments both earned a 12.4 percent return. Real estate investments returned nearly 10 percent, while inflation-linked assets earned 8.4 percent.
CalPERS Chief Investment Officer Joe Dear discussed the 2011 calendar year returns on KFBK Newstalk. He explained that CalPERS expects and plans for varying returns from year to year. CalPERS remains confident that we will produce our target return in the long term.
Listen to the 1/24/12 interview on KFBK Newstalk.
CalPERS is working hard to ensure the retirement and health security of our members, provide help to our employers, and manage our investments to meet our long-term liabilities. We hope this information provides education, insight, and clarity.
| Tweet | Share |
