CalPERS announced that it earned a 13.3 percent return on
investment for the 2012 calendar year.
The gain compares with a 1.1 percent return in
2011.
The nation's largest pension system reported that most of the
return was due to strong gains in global stocks and real assets,
like office, apartment and industrial buildings.
The system's publicly traded shares also posted a return of
just over 17-percent.
Private equity investments gained about
12-percent.
CalPERS has been under pressure since the recession to boost
investment earnings.
The $252 billion pension fund sank to a low of $160-billion in
2009.
For the current fiscal year to date, Calpers has gained just
over 7 percent, close to its annual target of 7.5.
