by Mike ‘Mish’ Shedlock
On July 13, the Fresno Bee reported California’s big pension fund sees flat earnings for a second year.
CalPERS still maintains that its long-term track record of 7.5% returns is intact. Is it?
Reader W.C Varones sorts it out in his article CalPERS Deliberately Deceives Public by Cherry-Picking Dates.
Cherry-Picking Dates by W.C Varones
You probably know that CalPERS recently reported yet another year of investment results that fell far short of its absurd promises.