The Nation’s Largest Public Pension Fund Off $81 Billion
December 08, 2008 at 16:26 PM EST
The nation’s largest public pension fund portfolio, CalPERS, has lost 31.1% of its value since peaking last fall, a staggering $81.4 billion drop. From San Fancisco Chronicle: CalPERS officials say a “rainy day fund” is helping to defray the losses - for now. But if the market slump continues, they will hit up state and local employers [...]
