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Some of these large asset managers are awful. Last time I was looking at the people managing California Public Employee Retirement System fund, and it was makin
by DevKoala 6y ago
Some of these large asset managers are awful. Last time I was looking at the people managing California Public Employee Retirement System fund, and it was making abysmal moves all over the place. I felt sorry for the people with their savings there.
- deleted 6y ago[deleted]
- aaaxyz 6y agoThere's worse: https://edmontonjournal.com/news/local-news/aimco-risk-strategy-partly-to-blame-for-nearly-2b-drop-in-value-of-heritage-trust-fund-report-says https://edmontonjournal.com/news/local-news/aimco-risk-strat...
- ac29 6y agoCalPers had returns of 4.7%, 6.7%, 8.6%, and 11.2% for the past 4 fiscal years. This is better than a 60/40 portfolio, which doesnt seem unreasonably conservative for a pension fund to me. Of course in hindsight you can see how they could have done better, but they certainly could have done worse.