Top Pension Fund Faces Fresh Scrutiny After Independent Probe Alleges Secrecy, Weak Returns And Oversight Gaps
- Posted on May 22, 2026
- By International Business Times
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- 1 min read
Top Pension Fund Faces Fresh Scrutiny After Independent Probe Alleges Secrecy, Weak Returns And Oversight Gaps
The California Public Employees' Retirement System (CalPERS), the nation's largest public pension fund, has been hampered by secrecy, chronic underperformance, understated investment costs and potential conflicts of interest, according to a new report.
