Texas Employees' returns top benchmarks for multiple periods

Texas Employees Retirement System, Austin, produced benchmark-topping returns for all periods ended Sept. 30, according to documents for the pension fund's Thursday investment advisory committee meeting.

Annualized returns as of Sept. 30 for the $23.8 billion pension fund were for the quarter, 5% (benchmark, 4.7%); one year, 11.4% (benchmark, 11%); three years, 9.1% (benchmark, 8.9%); five years, 8% (benchmark, 7%); and 10 years, 7.2% (benchmark, 6.8%).