California Pension Fund Posts 11.6% Gain Driven by Stocks, Outpacing Annual Goal

California Pension Fund Posts 11.6% Gain Driven by Stocks, Outpacing Annual Goal

The California Public Employees’ Retirement System reported an 11.6% gain for its latest fiscal year, with returns driven by public equity investments.

The World’s Largest Pension Fund Down $61B Last Quarter – Warning for Japan

by Martin Armstrong Armstrong Economics The world’s largest pension fund, the Government Pension Investment Fund (GPIF) of Japan, reported a $61.1 billion loss for the first quarter of the year. Half of the fund’s $1.5 trillion assets under management (AUM) are within overseas markets, and although susceptible to currency fluctuations, the true problem lies in the fund’s other 50% of its portfolio—government bonds split 25% domestically and 25% …

The World’s Largest Pension Fund Down $61B Final Quarter - Warning For Japan

The world’s largest pension fund, the Authorities Pension Funding Fund (GPIF) of Japan, reported a $61.1 billion loss for the primary quarter of the yr. Half of the fund’s $1.5 trillion belongings underneath administration (AUM) are inside abroad markets, and though prone to forex fluctuations, the true downside lies within the fund’s different 50% of its portfolio—authorities bonds cut up 25% domestically and 25% overseas. Any pension fund that…