Tuesday
May
23
2017
1:45 pm
Weather
 
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
 
California pension fund posts small gain, misses target
July 19, 2016, 05:00 AM The Associated Press

SACRAMENTO — The California Public Employees’ Retirement System says its investment earnings were essentially flat in the last fiscal year, falling far short of the 7.5 percent target.

The nation’s largest public pension system on Monday reported earnings of 0.61 percent for the fiscal year that ended June 30. The fund had $295 billion in assets at the end of the year.

CalPERS officials blame volatile financial markets and global economic conditions for the soft investment gains. CalPERS Chief Investment Officer Ted Eliopoulos says in a statement that CalPERS is proud to have positive earnings during a year of turbulent markets.

Its stock portfolio, which makes up half of the total assets, lost 3.4 percent. The losses were offset by gains in private equity, fixed income, real estate and infrastructure.

 

 

Tags: percent, earnings, calpers, investment,


Other stories from today:

Some benefits cards bear number for sex line, not balances
New Hampshire city police use Pokemon Go to lure fugitives
GOP turns to security, divisions on convention’s first night
 

 
Print this Page Print this Page  | 
<< Back
 
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
What do you think of the Trump administration releasing a nearly $650 million grant to give the green light for the Caltrain electrification project?

Great news, tremendous
I'll believe it when I see it
Glad, but wondering why it took so long
Don't like it
Not sure

 

 
 
 
 
 
 
  
 
  
 
©2017 San Mateo Daily Journal
San Mateo County obituaries