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Pension Funds

New Hampshire system’s 8.9% return tops benchmark

New Hampshire Retirement System, Concord, returned a net 8.9% for the fiscal year ended June 30, exceeding its benchmark by 110 basis points, Marty Karlon, pension fund spokesman, said in an email.

For the three, five and 10 years ended June 30, the $8.8 billion pension fund returned an annualized net 7.7%, 8.7% and 7.1% respectively, compared to the respective benchmarks of 7.3%, 8.8% and 7.2%. The pension fund returned a net 13.5% for the fiscal year ended June 30, 2017.

The best-performing asset class was domestic equities, which returned a net 14.6% (above its 14.4% benchmark), followed by alternative assets at a net 10.9% (above its benchmark of 9.4%); real estate at 10.5% (7.5%); international equities at 7.8% (7.3%); cash at 1.4% (1.4%); and fixed income at 0.2% (-0.3%).

As of June 30, the asset allocation was: 29.7% domestic equities, 21.5% fixed income, 19.2% international equities, 18.6% alternative assets, 9.2% real estate and 1.8% cash.