Missouri Local Government posts 15.2% return in 2012

Missouri Local Government Employees Retirement System, Jefferson City, returned 15.2% in the year ended Dec. 31, confirmed Brian Collett, chief investment officer.

Equities returned 17.9%, while alternatives returned 11.2% and fixed income returned 10.4%.

As of Dec. 31, the $5 billion pension fund's actual asset allocation was 53% equities, 24% alternatives and 23% fixed income.

The allocation targets were 48.75% equities, 27.25% alternatives and 24% fixed income.

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