The conversation between human and AI assistant.
What is the financial formula for a public retirement fund in California?
Can you tell me more about CalPERS' investment objectives?
CalPERS' investment objectives are to provide a secure and sustainable source of retirement benefits for its members while minimizing the risk of investment losses. The fund invests in a diversified portfolio of assets, including stocks, bonds, real estate, and private equity, with the goal of achieving long-term growth and stability.