Missouri Local Government Employees Retirement System, Jefferson City, returned 15.2% in the year ended Dec. 31, confirmed Brian Collett, chief investment officer.
Equities returned 17.9%, while alternatives returned 11.2% and fixed income returned 10.4%.
As of Dec. 31, the $5 billion pension fund's actual asset allocation was 53% equities, 24% alternatives and 23% fixed income.
The allocation targets were 48.75% equities, 27.25% alternatives and 24% fixed income.
