Op-ed by Ryan Frost and Leonard Gilroy, includes “CalPERS’ new approach—dubbed ‘More and Better Assets’—is the latest decision by the CalPERS board over the past few years intended to strengthen the resiliency of the pension plan, which is currently just 71 percent funded. The strategy involves a new two-pronged investment approach that combines a push towards higher earnings and riskier assets, with the ability to leverage the fund when there are market opportunities and borrowing costs are low. …”
Read the full article on: The Orange County Register