CalPERS's preliminary investment return for the 2023–2024 fiscal year was 9.3%, which was higher than the 6.8% discount rate. This was a notable improvement from the previous two fiscal years, which were affected by economic and geopolitical challenges.
Here's some more information about CalPERS's investment returns for 2023–2024:
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Public equities led the way with an estimated return of 17.5%, while private debt had an estimated return of 17%. Fixed-income investments, like bonds, saw a return of 3.7%, and real assets reported a loss of 7.1%.
