Private equity helps drive strong returns for CalPERS

The California Public Employees’ Retirement System reported a preliminary 8.6 percent return on investments for its fiscal year ended June 30, with strong returns from private equity and infrastructure investments. Sacramento-based CalPERS, which is the largest U.S. pension fund, had assets of $351 billion at the end of the fiscal year, it said Thursday. As of Thursday, CalPERS’ assets were up to $357 billion. The 8.6 percent return for 2018 is down from last year’s return of 11.2 percent,…

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Private equity helps drive strong returns for CalPERS