July 20, 2017 / 5:19 PM / a month ago

CalSTRS sees annual returns jump to 13.4 pct from 1.4 pct

July 20 (Reuters) - The California State Teachers’ Retirement System reported a 13.4 net percent return on investment for the fiscal year that ended June 30, the first time the pension fund exceeded expectations since 2014.

Boosted by public and private equities, the public pension fund performed significantly better than last year, when it returned 1.4 percent.

Reporting by Robin Respaut

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