LACERA outperformed its benchmark by 140 basis points to raise its portfolio’s asset value to $73.6 billion.
Tag: investment returns
Strong gains from public equity investments raise the portfolio’s asset value to $65.2 billion.
The Canadian pension investment manager raised its net AUM to $182.3 billion.
CIO Ronald Schmitz credits outperformance to diversification strategy and strong private markets.
The largest US pension plan—and smaller ones across the country—are affected by market volatility that has lowered investment returns.
System gains $3.9 billion to reach total assets of $29.3 billion.
Even with lowered returns, no negative impact on ability to meet obligations.