Archive for February 27th, 2017

Calpensions: CalPERS investment priority shifts to avoiding loss

Ed Mendel
February 27, 2017

Despite a low funding level little changed since massive investment losses nearly a decade go, CalPERS is focusing on avoiding another big loss, not risky attempts to maximize investment earnings.

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Sun Feb 26, 2017 | 10:11 pm EST

The White House will send federal departments a budget proposal on Monday containing the defense spending increase President Donald Trump promised, financed partly by cuts to the U.S. State Department, Environmental Protection Agency and other non-defense programs, two officials familiar with the proposal said.

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