Quote Originally Posted by dcarrigg View Post
Calpers logged ~6.7% or something last year. ~7ish is doable in the good years. Crash years are something else. Occurred to me that they pulled less of public and private equity and managed ~9.6% off fixed income. Back in MA they got ~5.1%, but ~8.4% off fixed income. Odd year.
the fixed income gains weren't coupons, they were capital gains.