US - The $144.8bn CalPERS' fund returned 3.9% for the year to 30 June 2003, generating $4.8bn in profit.
In the same period the $100bn CalSTRS fund recorded its first positive return in three years, 3.4%.
Here it is... The video of all the highlights from last night's UK Pensions Awards.
Here they are...all the pictures from the UK Pensions Awards 2019.
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
The trustees of the beleaguered industry-wide Plumbing and Mechanical Services (UK) Industry Pension Scheme have confirmed it will close to accrual in June.