NU Online News Service, Aug. 27, 3:15 p.m. – The California Public Employees’ Retirement System, Sacramento, Calif., says it ended its latest fiscal year with $143 billion in assets, down 5.9% from a year earlier.
If CalPERS had not benefited from a 12% return on real estate holdings, a 15.3% return on international bonds and a 5.9% return on U.S. bonds, the asset shrinkage would have been worse, because CalPERS’ private stock holdings lost about 7.8% of their value, CalPERS says.
CalPERS’ fiscal year ended June 30.