CalPERS posts 14.8% annual return driven by equities and PE

CalPERS had a stellar year with a 14.8% return, way above its long-term target of 6.8%, thanks to robust performances in both public markets and private equity. This impressive result underscores the system's effective investment strategy and could provide more financial security for its millions of retirees. Such strong returns are crucial for the system to maintain its solvency and continue offering robust benefits to California's public employees and their families. For those interested, the full details are available on Bloomberg.