CalPERS disclosed on Monday that it has missed about $900 million in potential revenue since it moved to a reduced-risk portfolio in September.
CalPERS disclosed on Monday that it has missed about $900 million in potential revenue since it moved to a reduced-risk portfolio in September. Sacramento Bee file
CalPERS disclosed on Monday that it has missed about $900 million in potential revenue since it moved to a reduced-risk portfolio in September. Sacramento Bee file

The State Worker

Chronicling civil-service life for California state workers

Investment shift costs CalPERS $900 million in potential gains

February 13, 2017 05:07 PM

UPDATED February 14, 2017 06:37 AM

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The Sacramento Bee launched The State Worker blog in 2008 to cover state government from the perspective of California government employees. Every day The Bee filters the news through a single question: "What does this mean for state workers?" Subscribe to alerts on state pay, benefits, pensions, contracts and jobs at sacbee.com/newsletters. Twitter: @TheStateWorker.