CalPERS Endures $4.2 Billion Quarterly Loss in Real Estate

By Jon Peterson The California Public Employees’ Retirement System lost $4.2 billion of value in its real-estate portfolio during the second quarter of 2009, according to new data released in anticipation of a Nov. 16 meeting of its investment committee in Sacramento. At the end of March, the pension fund placed a net-asset fair-market value […]