7%
The target annual return on investment set by CalPERS (California Public Employees’ Retirement System) by directing more of the fund’s billions into private equity. The effort has fallen short for the $410 billion retirement fund, the largest in the country.
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The target annual return on investment set by CalPERS (California Public Employees’ Retirement System) by directing more of the fund’s billions into private equity. The effort has fallen short for the $410 billion retirement fund, the largest in the country. (New York Times – Oct 19, 2020.)
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