09/15/2026
At Monday’s board meeting, CalPERS Managing Investment Director of Global Public Equity Simiso Nzima shared encouraging results for our public equity portfolio.
Over the past four fiscal years, his team has increased its allocation to active market strategies, helping strengthen the Public Employees’ Retirement Fund (PERF).
In the most recent fiscal year alone, the team outperformed its index benchmark by 168 basis points, generating about $3.2 billion in profit — enough to pay the full pensions of 70,000 CalPERS members for a year.
This progress is part of broader momentum for CalPERS as an institutional investor, including a 14.8% return and an increase in funded status to 85%.
Learn more about the work our investment team is doing on behalf of California's public servants: https://bit.ly/43s5aeu
