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.