Calpers, America's biggest public pension fund, is sinking another $2.3B into distressed bonds...

|By:, SA News Editor

Calpers, America's biggest public pension fund, is sinking another $2.3B into distressed bonds and bank loans, atop last year's $1.7B. "Trying to catch falling knives is a risky business, but if you know what you are doing, there are some real opportunities."