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    Home»Investments»CalPERS tops $500bn in assets for the first time
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    CalPERS tops $500bn in assets for the first time

    December 29, 20211 Min Read
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    SACRAMENTO, CA - JULY 21: The California Public Employees' Retirement System building in Sacramento, California July 21, 2009. CalPERS, is the state's public employees retirement fund. (Photo by Max Whittaker/Getty Images)
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    CalPERS’ market value has reached $500 billion for the first time, a new landmark for the nation’s largest pension fund.

    Pension plan statistics show the retirement plan reached $501.63 billion as of Monday night, following a 1.4% increase in the S&P 500 stock index and another 1.4% increase by the Nasdaq. The S&P increase took the stock index to its highest level ever.

    Around 50% of CalPERS assets are invested in equities, meaning that stock market swings in the downward direction could quickly drop assets back under $500 billion.

    The pension system’s portfolio reached $400 billion on January 16, 2020 – growing by $100 billion to $500 billion in less than two years’ time.

    Read more/Source: The Modesto Bee

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