Investments

Issues Update

CalPERS Dear Discusses Boosting Returns to Provide Pensions, CNBC Closing Bell
May 3, 2011
Chief Investment Officer Joe Dear said on CNBC’s “Closing Bell” program that CalPERS retirement benefits are sustainable with prospects of strong investment returns in private equity, emerging markets and collaborative infrastructure projects with other big public pension funds. Dear and Chris Ailman, CIO of the California State Teachers’ Retirement System (CalSTRS), both expressed confidence in a joint interview that their assumed rates of returns are reasonable alternatives to overly-conservative investment that would leave billions of dollars on the table. Dear said economic growth in emerging markets like China, Brazil and India promise strong potential returns for big investors, and that long-term, collaborative investment in development projects could have significant payouts.

View the CNBC video.








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