Mississippi Public Employees’ Retirement System, Jackson, lost 8.2%, or $2.1 billion, on its investments in the year ended June 30, Pat Robertson, executive director, wrote in a letter to participants posted on the system’s website.
The system had $19.7 billion in assets as of June 30.
Ms. Robertson wrote that the system has returned an annualized 11.6% since its inception in 1981.
Ms. Robertson did not return a call by press time seeking comment.
