CalPERS today reported a preliminary net investment return of 11.6% for the 12-month period ending June 30, 2025, bringing the Public Employees’ Retirement Fund (PERF) total assets under management to approximately $556.2 billion.
The strong return beat the fund’s discount rate of 6.8%, which is comparable to an assumed rate of return established by the CalPERS Board of Administration. The return also surpassed the benchmark used to gauge the PERF’s performance by 1.7%.
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