Monday, January 13, 2014

CalPERS Reports Huge Investment Gains

CalPERS posted another huge increase in its investments which grew by 16.2% in 2013.  That's more than the 12.5% CalPERS reported in July 2013 and the 13.3%it earned in 2012.  CalPERS has continued to grow its assets since 2011 when a 20.7% return prompted CalPERS to declare "We are back."  According the the Sacramento Bee, "the latest investment performance by CalPERS last year was the best since 2003."