Business Journal: Strong Returns For CALPERS

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(Sacramento, CA)
Monday, July 23, 2007
The California Public Employees Retirement System announced this week that its investments as of June 30 had returned more than 19% for the prior 10 months. Total assets now are just shy of $250 billion dollars. CALPERS administers retirement and health benefits for a million and a half Californians and their families. The Teachers Retirement System did even better. CALSTRS reports a 21% increase. It cares for about 800,000 teachers and their dependents. Both funds had healthy results in domestic and international stocks, as well as real estate investments.