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Sign in Sign up for a FREE subscriptionCalPERS selects new asset-allocation mix
In November 2021, the California Public Employees’ Retirement System (CalPERS) selected a new asset-allocation mix that will guide the fund’s investment portfolio for the next four years.
The board examined different investment portfolios and their potential impact to the CalPERS fund, ultimately selecting the portfolio with expected volatility of 12.1 percent and a return of 6.8 percent.
The new asset mix increases the current 13-percent target to real assets to 15 percent, effective July 1, 2022.
CalPERS said the decision concludes a nearly yearlong comprehensive review of the pension system’s investment portfolio and actuarial liabilities. The board conducts this asset-liability-management process every four years.
“We’ve heard from stakeholders, public agency leaders, and investment experts throughout this year, and I’m proud of the work we did together on behalf of California’s public employees,” said Theresa Taylor, chair of the inve
