If the nation's largest public pension fund, which prides itself on being savvy, takes a beating in real estate, well, then, who didn't? CalPERS is reaping the bad seed sown in certain deals over the last few years... Read More

Warren Buffett's just-released annual letter to shareholders features a blistering attack on what he calls the "fanciful figures" of Corporate America's accounting, especially when it comes to assumptions about pension fund returns.... Read More