Tuesday, July 17, 2012

CalPERS 2011/2012 Investment Performance

CalPERS, the country's largest pension fund reported investment performance for its most recent fiscal year today.  Below are the numbers, which are less than stellar.  Since June 2011, CalPERS' investment portfolio returned 1% vs a 7.5% target.  Returns relative to the portfolio's benchmark for 2012 are below:

Given the size of the portfolio that CalPERS is managing, perhaps it's somewhat excusable that the fund earned a 7.73% return per year over the last 20 years.  Still, the fund has returned less than its benchmark (however that's defined) over the 1, 3, 5, 10, 15 and 20 year time period.

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