Updated with correction, Jan. 21, 2011
Louisiana State Employees' Retirement System, Baton Rouge, returned 17.4% on its investments for the six months ended Dec. 31, according to a news release from the $9 billion system.
The system returned 16.1% for the fiscal year ended June 30.
According to the system's website, its asset allocation as of Sept. 30 was 15% domestic large-cap equities; 14% international large-cap equities; 11% private equity; 10% absolute return; 9% emerging markets; 8% domestic small-cap equities; 7% mortgages; 6% high-yield fixed income; 5% global fixed income; 4% each for risk parity, domestic midcap equities and core fixed income; 2% international small-cap equities; and 1% cash.
All asset classes were within one percentage point of their target allocation except for real assets, which came in at zero, three percentage points below its target of 3%.