Calpers Notches 14.8% Return in Fiscal 2026, Driven By Stocks

Calpers, California's massive public pension fund, saw a stellar 14.8% return for its fiscal year, largely fueled by robust stock market performance and gains in private equity. This impressive result reflects strong investment strategies and a favorable market environment. Such significant returns are crucial for ensuring the long-term sustainability of the pension fund, which supports millions of retirees and active employees across the state. Investors and policymakers are likely to take note, as this performance underscores the impact of strategic asset allocation in achieving financial goals.