CalPERS Sees 2.4% Net Return on FY 2014 Investments
CalPERS lost about $3 billion on its oil and gas portfolio, representing a 28% decline for fiscal year 2014-2015, according to a new report. Overall, the report showed CalPERS saw a 2.4% net return on investments for the year, with more than $300 billion in assets.
- "CalPERS, CalSTERS Took Big Losses on Energy Investments, Report Says" (Starkman, Los Angeles Times, 8/13).