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Yes, they do. CalPERS is way larger than any college endowment....but it also has obligations that are way larger.
by harryh 7y ago
Yes, they do. CalPERS is way larger than any college endowment....but it also has obligations that are way larger.
- seem_2211 7y agoI'd make the argument that something like Calpers is quite different to a college or hospital endowment. Calpers has a huge deficit, whereas Harvard has far more than they're likely to ever spend (especially considering the fact that colleges with the largest endowments also attract enormous donations from wealth individuals).
- harryh 7y agoYou're basically making a point about the Harvard endowment and like maybe....5 other college endowments? This is a small percentage of the LP pool, so....not all that important to the discussion.
- StillBored 7y agoIsn't a large part of CalPERS problems related to the fact that they ended up being the one holding the potato when the housing crisis started? I thought before that they were very solvent.