California pension fund reports $29 billion loss, first since Great Recession, amid market turmoil dailyrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyrepublic.com Daily Mail and Mail on Sunday newspapers.
<p><span>Tumultuous global markets played a role in CalPERS’ first loss since the global financial crisis of 2009, as the System today announced a preliminary -6.1% net return on investments for the 12-month period that ended June 30, 2022. Assets stood at $440 billion at the end of the fiscal year.</span></p>
What CalPERS -6 1% return means for California pension system kcra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kcra.com Daily Mail and Mail on Sunday newspapers.