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Wednesday, July 17, 2013

Md. Pension System Earns 10.6% On Investments

The Maryland state pension system achieved a 10.6% return on its investment portfolio for the fiscal year that ended June 30, bringing the fund assets to a total of $40.2 billion, Chief Investment Officer Melissa Moye told the pension trustees Tuesday.

The return exceeded the system’s target of 7.75% annual return, and was far better than the dismal results of less than 1% for fiscal 2012.

The double digit return was driven by a 19% increase in stock market holdings, which make up 42% of the portfolio that funds pensions for hundreds of thousands of Maryland public school teachers and state employees. There were also double digit returns for private equity (stock not traded in public markets), debt holdings and real estate.

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2 comments:

Anonymous said...

SO glad Martin OMALLEY not able to get it.

Anonymous said...

No wonder I got a COLA.