The CalPERS gamble: Why the push to invest in private equity alarms
public employees
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1 month ago
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By Devara Berger, Special for CalMatters
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Public employees’ retirement security depends on the integrity of the California Public Employees' Retirement System (CalPERS). However, its CEO, Marcie Frost, is steering the fund into a high-stakes gamble on private equity and private credit, pushing exposure toward
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