The California Public Employees’ Retirement System (CalPERS) reported a 23.3% gain for the 12 months ended Dec. 31, bringing its assets under management to $161.1 billion.
Its public equities portfolio performed strongest, clocking in returns of 24%, while the pension fund’s fixed income portfolio rose by 19.8 percent.
CalPERS’ private equity program reported gains of 1.8 percent.
To clear its actuarial hurdles, CalPERS must post gains of 8.25% annually. Sacramento, Calif.-based CalPERS is the nation’s largest public pension fund.
It represents employees from 2,400 state agencies.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: