SACRAMENTO, CA – California
State Teachers’ Retirement System (CalSTRS) investments took a
3.7 percent hit in the fiscal year ending June 30, 2008. Even
with its first loss in six years, CalSTRS outperformed its
benchmark, which dipped 3.8 percent.
The news from the $162.2 billion fund comes amid the gloom of a 5
percent average loss for public pensions, according to Merrill