The California Public Employees’ Retirement System (CalPERS), generated a 14.8% investment return for the fiscal year ended 30 June 2026, comfortably exceeding its long-term annual target of 6.8%, with strong performances from public markets and private equity, according to a report by Bloomberg.
The result increased the fund’s assets to $637.1bn and improved its funded status to 85%, up from 79% a year earlier, according to the pension fund.
Private equity, one of the portfolio’s strongest-perf...
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