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Asset Allocation
Pennsylvania PSERS Reports Preliminary 3.54% Return for 2023
The $72.8 billion pension fund also launched a new strategic plan and hired an external derivatives manager.
The $72.8 billion pension fund also launched a new strategic plan and hired an external derivatives manager.
LACERA outperformed its benchmark by 140 basis points to raise its portfolio’s asset value to $73.6 billion.
Strong gains from public equity investments raise the portfolio’s asset value to $65.2 billion.
But the Massachusetts state pension fund missed its benchmark’s return by nearly 300 bps.
Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.
Canadian pension giant’s net assets fall C$16 billion to C$523 billion.