PENSIONS & INVESTMENTS: Washington State Investment Board returns 10% for fiscal year
October 16, 2018
- “Washington State Investment Board’s $101.3 billion commingled trust fund returned a net 10.04% for the fiscal year ended June 30, topping its custom benchmark by 37 basis points, a report on the Olympia-based board’s website said.”
- “By asset class, the best-performing asset class for the fiscal year ended June 30 was private equity, which returned a net 15.85%.”
PENSIONS & INVESTMENTS: Pennsylvania Public School Employees posts 9.3% return for fiscal year
October 16, 2018
- “Pennsylvania Public School Employees’ Retirement System, Harrisburg, posted a net return of 9.3% for the fiscal year ended June 30, said a news release issued by the $56.7 billion pension fund. This exceeded the pension fund’s 7.25% annual return assumption.”
- “PennPSERS’ chief investment officer James H. Grossman Jr., said in the news release that the pension fund’s ‘fiscal-year performance was driven by very strong performance in private equity, U.S. equity, non-U.S. equity, private real estate and private credit.”
CHIEF INVESTMENT OFFICER: Virginia Retirement System Returns 7.5%
September 5, 2018
- “Private equity investments help increase fund’s market value to $78.6 billion.”
- “The Virginia Retirement System (VRS) returned 7.5% for the fiscal year ending June 30, surpassing its 7% assumed rate of return, but falling just short of the benchmark return of 7.7%. The performance raised the market value of the system’s pension fund to a new high of $78.6 billion, up from $74.4 billion at the same time last year.”
- “Private equity was by far the VRS’s top-performing asset class, returning 15.8%, followed by public equity and real assets, which earned 9.7% and 9.5%, respectively.”
PENSIONS & INVESTMENTS: Louisiana Teachers chalks up 11.56% fiscal-year return
September 11, 2018
- “Louisiana Teachers’ Retirement System, Baton Rouge, returned a net 11.56% for the fiscal year ended June 30, the $21 billion pension fund announced in a news release on Tuesday.”
- “The best-performing asset class for the fiscal year ended June 30 was domestic equities, which returned a net 16.76% (above its 14.78% benchmark), followed by alternative assets and real estate, which returned a net 13.38% (above its 12.2% benchmark).”
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