Calpers says fiscal year return rate 'likely to be flat'

June 13, 2016 5:28 PM

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SAN FRANCISCO California Public Employees' Retirement System Chief Investment Officer Ted Eliopoulos said on Monday the fund's rate of return for the 12 months ending June 30 is "likely to be flat, which is a nice way of saying zero."

CalPERS, the biggest U.S. public pension fund, plans to announce its annual returns in mid-July. Last fiscal year, the pension fund returned 2.4 percent on its total portfolio.

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