CalSTRS just missed its target rate for annual investment returns, recording 6.8 percent for the fiscal year ending June 30, according to a Tuesday news release.
The rate fell short of the $237 billion fund’s annual target of 7 percent, according to the release. The California Public Employees’ Retirement System, which has about $370 billion in assets, recently reported annual returns of 6.7 percent, missing its 7 percent goal.
