Institutional Investors Performance

CalPERS sees 11.4% boost to returns

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The California Public Employees’ Retirement System reported an estimated annual return of 11.4% for the year ending 30 June.

The $200 billion retirement system’s board, investment staff and outside consultants are developing a new plan beginning in 2011 for how to allocate capital in public stocks, private companies, bonds and other fixed income, real estate and inflation-linked assets like commodities, infrastructure and forest land.

CalPERS reports saving $100 million in fee reductions with external managers. Officials also eliminated low-performing funds from its portfolios and are developing new risk management tools.

“With the exception of real estate, all of