CalSTRS pension fund falls just short of its investment return target

CalSTRS just missed its target rate for annual investment returns, recording 6.8 percent for the fiscal year ending June 30, according to a Tuesday news release.

The rate fell short of the $237 billion fund’s annual target of 7 percent, according to the release. The California Public Employees’ Retirement System, which has about $370 billion in assets, recently reported annual returns of 6.7 percent, missing its 7 percent goal.

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