California Pension Fund Reports $29-billion Loss, First Since Great Recession, Amid Market Turmoil

Posted on the 21 July 2022 by Phil's Stock World @philstockworld

The California Public Employees' Retirement System reported a loss of more than 6% last fiscal year, its first negative investment return since the Great Recession, the state pension fund said Wednesday. At the close of the 2021-22 fiscal year, which ended June 30, the fund stood at $440 billion, a ...

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