Largest US Pension Fund With Apple as Top Holding Posts First Annual Loss Since 2009 Financial Crisis

A sign stands in front of California Public Employees' Retirement System building in Sacramento, Calif., on July 21, 2009. Max Whittaker/Getty Images

California Public Employees’ Retirement System (CalPERS) has posted a loss for the fiscal year 2021–22, the biggest U.S. pension fund said in a statement.

On a preliminary basis, the fund generated a net return of a negative 6 percent on its investments for the 12-month period ended June 30, it said. This marks the first loss for CalPERS since the global financial crisis of 2009.