Business Journal: Strong Returns For CALPERS
The retirement systems for public employees and teachers both announced strong investment returns.
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.