CalPERS Hits Record Returns | San Francisco News

CalPERS just delivered a record 14.8% investment return — its strongest in a decade — boosting its financial health and easing pressure on taxpayers. With the fund still underfunded, this surge could pave the way for long-delayed public safety benefit hikes. The agency’s new flexible investment strategy, heavy on stocks and boosted by private equity gains, aims to balance risk and reward while maximizing returns. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c25a03e3bfed7a6a