Calpers sees $26m net gain on lending

The California Public Employees' Retirement System (Calpers) has earned more than $26m (€31m) in net income from securities lending for the quarter ending March 31, 2001. The sum exceeds previous earnings by an average of $13m per quarter.

The jump reflects the revenue from the $159bn pension fund's auction of two portfolios via eSecLending, an online auction system launched by Old Mutual.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire