Prop Zero
The Starting Point for Commentary and Coverage of California Politics

Should Pension Funds Drop Stocks for Bonds?




    The journalist Ed Mendel, a pension expert, has a long but important look at the question of how public pension funds like CalPERS should invest.

    He focuses on a back-to-the future strategy: returning pension funds, which now are invested heavily in stocks, to a focus on safe, conservative bonds with predictable returns.

    The full piece is here.