BLOOMBERG -- The California Public Employees’ Retirement System, the largest U.S. public pension, reported a 14.3 percent gain on invested assets for the first 10 months of its fiscal year as stocks soared to records.

The fund’s performance through April, announced yesterday by Theodore Eliopoulos, the senior investment officer for real assets, means the $261.6 billion fund is set to beat its assumed 7.5 percent rate of return for a second consecutive year. Its assets gained 13.3 percent in fiscal 2012, which ended June 30.

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