[snopercod]

I don't know much about how CalPERS has performed. I did find this, though:

As of April 30, 2002, approximately 16.0 percent of CalPERS total assets are invested in California. The following breakdown illustrates CalPERS investments in California:

• Equities: $9.2 Billion
• Fixed Income: $4.6 Billion
• Real Estate: $10.1 Billion
• Total California Investments & Commitments: $23.9 Billion

Interesting that as fiduciaries, they would use the word "committments".

It would probably be better for somebody who actually lives in CA to contact Waters. I'm skeptical about those presstitutes, anyway.

[Grampa Dave]

I'm flagging Liz on this reply. She had some interesting saves on Cal Pers and some of the Clintoons buddies and Davis's buds and some real scams they had slipped to the investors of Cal Pers.

Backhoe, what have you saved on this issue?