California pension fund reports $29-billion loss, first since Great Recession, amid market turmoil
July 21, 2022 at 04:51 AM EDT
The California Public Employees’ Retirement System reported a loss of more than 6% last fiscal year, its first negative investment return since the Great Recession, the state pension fund said Wednesday. At the close of the 2021-22 fiscal year, which ended June 30, the fund stood at $440 billion, a … Source
