- Charts - 2011 - CalPERS Asset Allocation Ratio and Target Annual Return  ==> TA Bible <==
Kirk Windsurfing at Palo Alto in SF Bay in May 2009
  CalPERS Asset Allocation Ratio
and Target Annual Return
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June 23, 2011:  Joseph Dear, CEO of CalPERS and Assistant Secretary of Labor at OSHA under Bill Clinton, showed this table today on CNBC. As of April 2011, this is the asset allocation for CALPERS

The California Public Employees' Retirement System (CalPERS) provides retirement and health benefit services to more than 1.6 million members and more than 3,000 employers. Their membership consists of active, inactive and retired members from the State, school districts and local public agencies.
CalPERS Asset Allocation
Picture of CNBC graphic by Kirk Lindstrom using the cell phone camera in a "MyTouch 4G" made by HTC.

Summary of CalPERS asset allocation:

Asset Class
Allocation %
Global Equity
Global Income
Private Equity
Real Estate
Cash Equivalents

Target annual return
for the CalPERS fund is 7.75%.  Joe says they probably can not meet this using US equities and fixed income but he thinks they can do it if they invest globally.
  • Q: What is a proper fee to pay a hedge fund? 
  • A :  "Well, it is not two and twenty.


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Note 1: Chart courtesy of CALPERS
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