Updated
Updated · Bloomberg · Jul 13Calpers Posts 14.8% Return, Lifting Assets to $637.1 Billion
1 articles · Updated · Bloomberg · Jul 13Summary
- Calpers said its fiscal 2026 portfolio gained 14.8%, a result that pushed the largest US public pension fund's assets to $637.1 billion.
- Stocks and private equity drove the performance, which beat the fund's 6.8% annual target by a wide margin.
- The stronger returns lifted Calpers' funded status to 85% from 79% a year earlier, improving the system's ability to meet future obligations.
Insights
Calpers boasts a 14.8% gain, but is its risky private equity 'gamble' hiding long-term dangers for retirees? With taxpayers paying billions into Calpers, is the fund's secretive shift into private markets a prudent fix or a reckless bet?