Breadcrumb Home INTERACTIVE April 01, 2013 01:00 AM Public funds' hedge fund returns U.S. public pension plans ranked by total hedge fund return for the 12 months ended Dec. 31, 2012. Assets are in millions. Tweet Share Share Email More Reprints Print Pension fundHedge fund portfolio returnHedge fund benchmark returnHedgefundassets% inhedgefunds% infunds offundsHedgefunds asa % of totalassetsMissouri State Employees117.3%11.3%$300100.0% 3.7%Virginia Retirement System 13.4%14.9%$4,600 8.3%Missouri Public School211.6%12.6%$4,261100.0% 14.8%Missouri Public Education311.4%12.6%$445100.0% 14.3%South Carolina Investment Commission 10.4%3.5%$4,77354.8%45.2%17.9%Pennsylvania State Employees 8.6%6.6%$2,000 100.0%7.9%Texas County & District 8.6%4.8%$5,333100.0% 27.0%MassPRIM 8.4%4.8%$4,922 9.5%Illinois Teachers 8.2%4.1%$2,02151.8%48.2%5.3%Texas Teachers48.2%4.8%$4,500100.0% 3.9%Michigan Bureau of Investments 8.1%2.9%$1,98125.0%75.0%3.9%Ohio School Employees 8.0%4.8%$1,538100.0% 14.0%New Jersey Division of Investment 7.7%3.0%$4,060 5.7%New Mexico Public Employees 7.3%6.2%$1,188100.0% 9.6%Missouri State Employees56.5%4.1%$2,20082.0%18.0%27.2%California Public Employees 4.2%5.3%$5,20069.2%30.8%2.1%Wisconsin Investment Board64.1%6.5%$1,400100.0% 1.8%Pennsylvania Public School Employees 3.4%7.5%$5,900100.0% 11.9%Texas Teachers72.3%4.1%$4,100100.0% 3.6%Average 8.3%6.5% 10.1%Notes: 1 MOSERS' directional hedge fund portfolio; 2 An additional $2.026 billion was invested in hedge funds in an alpha overlay portfolio; 3 An additional $198 million was invested in hedge funds in an alpha overlay portfolio; 4 Texas TRS' directional hedge fund portfolio; 5 MOSERS' non-directional hedge fund portfolio; 6 Wisconsin State Board core fund only; 7 Texas TRS' stable value hedge fund portfolio.Source: Pension plan survey responses and plan documents Related Articles Big public pension funds trump hedge fund benchmarks Recommended for You Taiwan Semiconductor’s No. 1 in the emerging markets book Graphic: U.S. stocks were 2020's comeback kid U.S. fixed-income returns post another positive year Sponsored Content: Research for Institutional Money Management sponsored Events Sponsored White Papers GP-LED OPPORTUNITIES AT THE SMALLER END OF THE MARKET Gold Outlook 2021 Bond ETFs show maturity during Covid market mayhem Global gold-backed ETFs: A popular gateway to the gold market 2021 Outlook: A rousing recovery Climate change and emerging markets after Covid-19 View More Sponsored Content Partner Content The Industrialization of ESG Investment For institutional investors, ETFs can make meeting liquidity needs easier Gold: the most effective commodity investment 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios Ten ways retirement plan professionals add value to plan sponsors Gold: an efficient hedge View More