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To: Snowshoe who wrote (19933)7/2/2007 3:04:13 AM
From: energyplay  Respond to of 219173
 
The pension funds can afford the CDO blow ups, as long as they are diversified. The funds have been making good money on stock holdings, commodities, private equity, etc.

Calpers (California State Pension Fund), for example, has 243 Billion in assets, and returns have been over 11% per year for the past 5 years.

140 million in CDOs is round off error for Calpers, I expect they own more than that - maybe about 1 Billion, but not much more.