Monday, November 26, 2018
One has the sense that the private equity topic arose at the Nov. 13 meeting because those in the pension world, whether at CalPERS or UCRP, are under ongoing pressure to earn 7+ percent returns - the rate assumed in the plans - but believe that 6+ percent is more likely. The world of California public pensions, while big in dollars, is not so large in terms of the number of decision makers who make investment choices. What gets discussed at CalPERS and about CalPERS gets discussed by UC's pension and investment managers.
The Calpensions.com article is at: