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CalPERS' Paltry Performance Rings Alarm for Cities
San Gabriel Valley Tribune Link to more items from this source
[Opinion]
July 22, 2012
"The financial managers of the California Public Employees' Retirement System who projected a 7.5 percent investment return but only saw the fund grow by 1 percent ought to be fired. When it's someone's job to grow a $234 billion fund and he or she can't even come close, it's time to find someone new. Anyone whose budgeted projections for the end of the recent fiscal year are off by 86 percent needs to have his performance examined at the very least."

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