CalPERS Earned 13% in 2012

January 15, 2013 ( The California Public Employees’ Retirement System (CalPERS) earned a 13.3% return on its investments for the 12-month period that ended December 31, 2012.

The pension fund has gained 7.1% in the first six months of the 2012-13 fiscal year.  

CalPERS’ strong return for the 2012 calendar year was led by gains in global stocks and real assets, including stakes in office, apartment, industrial and office buildings. Public Equity earned a 17.2% gain while Real Assets garnered a 12.8% return.  

Growth assets earned 16.1%; Private Equity posted a 12.2% gain; and Fixed Income returned 7.6%. Inflation-Linked assets earned 5.0%, and Absolute Return gained 3.2%.  

In addition, the pension system announced that the Board of Administration unanimously re-elected Rob Feckner as Board president and George Diehr as vice president. Feckner will be serving his ninth term as president, and Diehr will be in his sixth vice presidential term.  

CalPERS is the largest public pension fund in the U.S. with approximately $250 billion in assets.