Calpers’s New CEO Frost Sees Potential Boost From Private Equity

  • Incoming leader guided Washington retirement system since 2013
  • Calpers, with $302 billion, seeks annual return rate of 7.5%

The new chief executive officer of the California Public Employees’ Retirement System said the largest U.S. pension fund may look to add more investments in private equity and real estate to increase returns and close its unfunded liability.

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