The California Public Employees’ Retirement System, CalPERS, announced a preliminary investment return of 11.6% for FY2025.

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California’s largest pension system reported annual returns that were 1.7% higher than the fund’s benchmark in the last 12 months.

CalPERS is evaluating its long-term situation even as it enjoys a short-term bounty from a booming stock market. At the end of March, the system’s year-to-date investment return stood at 15%.

Calpers, the nation’s largest public pension, recently unloaded about $6 billion of its stakes in private equity funds to second-hand buyers reportedly at a roughly 10 percent discount to their ...

The largest U.S. public pension fund plans to ask Exxon Mobil to drop a lawsuit against investors that filed a shareholder resolution asking the U.S. oil major to curb greenhouse gas emissions faster.

CalPERS, like most public pension funds in the country, does face a tricky math problem: The board expects the fund’s investments to grow at an average rate of 7% each year.

CalPERS serves 1.9 million workers in its pension system and provides health coverage to 1.4 million workers and their families. The system long has been known as a bellwether and standard-setter ...