Missouri State Employees' Retirement System, Jefferson City, returned 10.4% on its investments for the quarter ended Sept. 30, increasing the system's total assets to $6.8 billion, confirmed MOSERS spokeswoman Christine Rackers.
For the nine months ended Sept. 30, the fund has returned 15.5%, for total investment earnings of about $1 billion. The fund had annualized returns of 6% over five years and 8.7% over 15 years, both ended Sept. 30.
“While the financial markets were incredibly difficult for all investors in 2008, losing less during that time period and then being positioned to participate in the strong rebound in 2009 has resulted in MOSERS continuing to lead the pack over market cycles,” MOSERS CIO Rick Dahl said in a news release. “The investment returns for the second and third quarter of 2009 provide strong evidence that the portfolio is positioned to perform very well as economic conditions improve.”
Stocks returned 15.9% for the quarter and 26.1% for the year, and bonds returned 6% and 14%, respectively, for the same periods all ended Sept. 30.