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Two state pensions recoup on stock losses
California's Public Employees Retirement System and Teachers Retirement System report a $44.2 million gain since January 1, nearly offsetting last year's $476.2 million paper loss from the stock market plunge. Combined assets total $9.6 billion with $1.8 billion in stocks, while the long term performance remains the focus.
MENTIONED IN THIS ARTICLE
Sacramento
California
Melvin Petersen
Unds
Petersen
Mit
Tie
Peterden
New York Stock Exchange
Exchange