(Bloomberg) -- The California Public Employees' Retirement System lost about $67 billion in market value since January as the coronavirus pandemic roiled global financial markets.
The largest U.S. pension had a market value of about $402 billion in January, according to a news release at the time. It now stands at about $335 billion as of Thursday's market close.
The pension typically updates its figure regularly but it took about a week for it to do so before its latest update Thursday afternoon. There was “no particular reason except there are so many more important things to deal with at this time,” said Megan White, a spokeswoman.
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