Posted inCalifornia Currents

Riskier bet: Why CalPERS, the country’s largest pension fund, is getting into banking

Retired DMV clerks, former firefighters and aging government bean-counters across California, put on your three piece suits: You might be getting into the banking business. The California Public Employees’ Retirement System, which manages a nearly $400 billion basket of nest eggs for retired public workers across the state, is wading into the rollicking market for […]