CalPERS Fiscal Returns Are In
Valued Stakeholders - CalPERS today reported a preliminary 4.7% net return on investments for the 12-month period that ended June 30, 2020. CalPERS assets at the end of the fiscal year stood at more than $389 billion.
Individual asset class returns included Fixed Income, which generated a 12.5% net return, followed by Real Assets and Public Equity net returns of 4.6% and 0.6%, respectively. Despite significant market volatility which included assets under management declining by an estimated $70 billion in late February and March, the CalPERS’ Public Employee Retirement Fund (PERF) was able to recover nearly all of that value by the end of June.
Based on these preliminary fiscal year returns, the funded status of the overall PERF is an estimated 70%. This estimate is based on a 7% discount rate.
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