Assets of the Hawaii Employees' Retirement System, Honolulu, gained 8.5% on investments for the quarter ended June 30 but fell 18.7% for the year, confirmed CIO Rod June.
The pension fund reported $8.82 billion in assets as of June 30 vs. $8.13 billion the previous quarter and $10.85 billion a year ago.
“There are no fundamental changes to our portfolio currently, but we are engaged with conducting an asset-liability study for September 2009,” Mr. June wrote in an e-mail. “The results of this could translate to changes in the asset allocation.”
