CalPERS PE portfolio performance in sharp YoY drop

CalPER's global return failed to impress, standing at just 1% for the 12 months to June 30, 2012 - below its 7.5% annual target.

In addition to the drop in private equity performance, public equities performed poorly with a negative -7.2% return. By contrast, the best performing asset class was real estate, up 15.9% in the year ending in March 2012.

CalPERS is reportedly looking to restructure both its public and private equities portfolio, with a view to reduce the number of its relationships and focus on the best performing managers.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• LPs
• Performance
• CalPERS