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Calpers Logs Decade-Worst 6.1% Loss as Stocks and Bonds Dive

  • Preliminary results leave pension with 72% of long-term goal
  • Results don’t fully the recent sale of private equity assets
Updated on

California Public Employees’ Retirement System, the biggest US pension fund, lost 6.1% on its investments in the latest fiscal year, its worst performance in more than a decade.

The drop was driven by a 13.1% decline in publicly traded stocks and 14.5% slide in fixed-income securities, according to preliminary results posted Wednesday on Calpers’ website.