Briefly

The California Public Employees’ Retirement System, the largest U.S. pension fund, said it may put an additional $1 billion into European corporate buyout funds this year to try to profit from returns that are outpacing those in the United States.

CalPERS plans to increase the $6 billion it has invested in European private equity because “there’s a great deal of room for growth and we see many opportunities,” Charles Valdes, chairman of the fund’s investment committee, said Tuesday.