The California Public Employees' Retirement System (CalPERS) today reported a preliminary 0.61 percent net return on investments for the 12-month period that ended June 30, 2016. CalPERS assets at the end of the fiscal year stood at more than $295 billion and today stands at $302 billion.

The broad-based market upswing in the first half of July has benefitted risk assets globally. That follows the release of better than expected economic data in the US and China, suggesting that fears over the strength of the global recovery have been exaggerated.

Glen Finegan, Head of Emerging Market Equities, provides a detailed update on the Henderson Emerging Markets Strategy, covering recent market drivers, performance and activity, and his outlook for the asset class.

During the Brexit, the average CTA did very well: the SG Trend Index, a performance indicator for trend-following strategies, jumped 2.9% on 24 June. Trend-following strategies outperformed both equities, with the MSCI World Index dropping 4.9%, and hedge funds in general, with the HFRX Global Hedge Fund Index shedding 1.1%.

The California Public Employees' Retirement System (CalPERS) Board of Administration announced that it has named Marcie Frost as the Pension Fund's new chief executive officer (CEO).