Posted Mar 24, 2006, 10:59 PM
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Registered User
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Join Date: Jan 2005
Location: Santa Clara / El Dorado Hills
Posts: 153
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The nice thing about CalPers is that the $210 billion portfolio is free for investment. Companies pay the majority of their revenue out to employees, production costs, etc. Thus, it is pretty evenly dispersed throught the US and world.
Calpers employs as many people in Sacramento as many headquarters do elsewhere (although employees aren't making millions). Also, Sacramento projects are going to have an inside track on funding because CalPers people are going to know about them. It's also better for California if the investments are made in the state, so long as a similar return is anticipated.
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