Thursday, May 21, 2009

CalPERS Monthly Update


The CalPERS fund managed to grow another $4 billion, or 2.3%, over the last month. That compares to a 3.5% gain on the S&P during that same period. In other news, the "placement agent scandal" lightly touched CalPERS last week, as a private equity group that manages over $2 billion of its investments paid a $20 million fine to the New York Attorney General. One wonders if there are other corruption investigations in the works...

2 comments :

patient renter said...

The CalPERS fund managed to grow another $4 billion, or 2.3%, over the last monthI'd like to point out that if and when this dead cat bounce receeds, so too will that 2.3%. What are the chances CalPERS will manage to hold onto it?

Anonymous said...

Slightly OT-

I have a live one for you Max, the new wave of flippers
MLS: 90039967
Asking 290k, bought for 125k last year.

I see these all the time. Listings like these are part of what is pushing the medians higher. Add to that, inventory isn't going away. it's just waiting for some investor to shuffle it back into the queue.