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Pension Funds

New Jersey Pension Fund returns 13.07% for fiscal year, slightly below its benchmark

New Jersey Pension Fund, Trenton, returned a net 13.07% on its investments for the fiscal year ended June 30, slightly below its benchmark of 13.14%.

The return data, which is unaudited, was cited in report published Wednesday by the state Division of Investment, a unit of the state's Treasury Department, which handles investments for the pension fund. Assets for the pension fund as of Aug. 31 were $75.6 billion. The report was presented at a meeting of the State Investment Council, which formulates policies governing investments by the division.

The best-performing asset classes were emerging markets equities, which returned 22.7%; domestic equity, 19.8%; and developed markets international equity, 19%. The worst performers were commodities, which returned -6.5%; U.S. Treasuries, -3.9%; and inflation-linked bonds, -1.3%.

Annualized returns for periods ended June 30 were three years, 5.25% (benchmark, 5.29%); five years 8.75% (8.45%); 10 years, 5.55% (4.83%).