Any time there is bad news from CalPERS, as in the case of today's headlines about Russian investment losses, it's bad news for UCRP. Of course, the two pension funds are unconnected. But bad CalPERS news - CalPERS has had more than its share of scandals and bad headlines - reflects on public pension funds generally and thus on UC's fund. It's a political problem.
As for the Russian problem, we noted in an earlier post that UCRP has very little Russian exposure.*
If you want to read about CalPERS' Russian problems, the article is at:
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