By Dale Kasler
Published: Thursday, Jan. 16, 2014 – 6:42 pm
CalSTRS said Thursday it earned a hefty 19.1 percent return on its investments in 2013 but repeated its plea for funding assistance from the Legislature.
The California State Teachers’ Retirement System said the gains were boosted by 28 percent returns on its stock portfolio. The pension fund earned 19 percent from private equity and 14 percent on its real estate holdings.
“It’s a very welcome performance,” said CalSTRS spokesman Ricardo Duran.
“But this doesn’t mean we can sit back and ride the Wall Street wave. We still need that funding plan,” Duran said.
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