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CalPERs Posts Big Investment Gains for 2012

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(Sacramento, CA)
Monday, January 14, 2013
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.
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