Calpers posts 2.4 percent loss
Calpers, the biggest US pension fund, posted a 2.4 percent loss in its June-ended fiscal year, fueled by a 10.7 percent decline in the value of its stock holdings, its top investment officer said on Friday.
Veteran reporter Ed Mendel reports today that last fall's CalPERS board election cost the fund $3.1 million, including a runoff between JJ Jelincic and Cathy Hackett that cost $1.1 million.