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 News - CalPERS Reports Preliminary 11.2 Percent Investment Return For Fiscal Year 2016-17
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CalPERS Reports Preliminary 11.2 Percent Investment Return For Fiscal Year 2016-17

The California Public Employees’ Retirement System today reported a preliminary 11.2 percent net return on investments for the 12-month period that ended June 30, 2017. CalPERS assets at the end of the fiscal year stood at more than $323 billion.

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The strongest returns came from the Public Equity Program, which generated a 19.7 percent return. Private Equity’s preliminary net returns were 13.9 percent, followed by Real Estate, with preliminary net returns of 7.6 percent.

Based on these preliminary fiscal year returns, the funded status of the overall CalPERS fund is an estimated 68 percent, an increase of 3 percentage points from the previous fiscal year. This estimate is based on a 7 percent discount rate.

"I am proud of our investment team for achieving double digit returns this year," said Ted Eliopoulos, CalPERS chief investment officer.