Calpers, Largest U.S. Pension, Loses $67 Billion Since January
Photographer: Ken James/Bloomberg
This article is for subscribers only.
The California Public Employees’ Retirement System lost about $67 billion in market value since January as the coronavirus pandemic roiled global financial markets.
The largest U.S. pension had a market value of about $402 billion in January, according to a news release at the time. It now stands at about $335 billion as of Thursday’s market close.