CalPERS Reports Preliminary 11.2% Return For FY 2016-17

The California Public Employees’ Retirement System (CalPERS) reported a preliminary annual return of 11.2% for its latest fiscal year ended June 30, 2017. CalPERS beat last fiscal year’s return of 0.61%. Listed equities for the latest reported fiscal year reported a return of 19.7%, an asset class that benefited from the late 2016 rally. In comparison to public stocks, the fee-intensive asset classes of private equity generated a 13.9% return, while real estate made a 7.6% net return.

“I am proud of our investment team for achieving double digit returns this year,” said Ted Eliopoulos, CalPERS chief investment officer in a press release. “Our globally diversified portfolio performed well across most asset classes, and we were able to take advantage of what the market gave us. However, I want to emphasize that as pleased as we are with this one-year return, our focus is always on the long-term. We invest for decades, not years.”

Based on a 7% discount rate, the positive performance pushed CalPERS funded status from 65% to 68%.



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