The California Public Employees' Retirement System (CalPERS) said its investments brought a preliminary 2.4 percent net return for for the fiscal year ending June 30, 2015.
CalPERS assets at the end of the fiscal year stood at more than $301 billion.
Although longer-term returns—for the past three years and the past five years—have brought returns of 10.9 percent and 10.7 percent, respectively, its assumed annual rate of return is 7.5 percent.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
