For the first time, the CalPERS pension fund surpassed $300 billion in value by the end of the 2014 fiscal year last summer, according to the organization’s annual financial report made public on Tuesday.
The fund hit its $164 billion low in 2009 during the global recession, but it has since rebounded. The pension fund had a 18.4 percent return on investment during fiscal 2014, CalPERS said.
"This year was marked by strong performance and forward momentum in the financial markets, underpinned by several innovative enterprise-wide achievements that exemplify our commitment to a sustainable and sound pension fund," CalPERS CEO Anne Stausboll wrote.
CalPERS said it strengthened its information security infrastructure by implementing a new information asset management system and improving access control:
"During this reporting period, CalPERS business areas placed a significant focus on developing and maintaining automated technology solutions that support operational controls, streamline processes and improve consistency. These activities help improve data quality and accuracy used for decision-making, program administration, and service to members. Through a combination of enhancing existing systems and implementing new applications, CalPERS was able to ensure recording of key information, improve knowledge sharing and transparency, and establish ongoing management controls to reduce error and detect potentially inappropriate activity."
