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Fri, Oct 10, 2008 -- 5:30 PM
CalPERS and the Financial Crisis
California's giant pension funds are urging calm in the face of the violent financial storm shaking Wall Street. The California Public Employees Retirement Fund is the nation's largest, and at the end of September it had lost about $25 billion since 2007. The fund lost nearly $8 billion last Monday alone. How is CalPERS handling the crisis?
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Host: Cy Musiker
Guests:
- Anne Casscells, managing director at Aetos Capital in Menlo Park