CalPERS recovers from tariff plunge and notches a big investment gain
California’s biggest pension fund and markets around the world learned to live with President Trump’s tariff threats. CalPERS gained 11.6% on investments in 2024-25. This story was originally published by CalMatters. Sign up for their newsletters. California’s largest public employee pension fund recovered from a spring stock market plunge and notched its second-best investment return