New Hampshire Retirement System, Concord, returned 14.5% in the fiscal year ended June 30, exceeding its custom benchmark by 100 basis points, confirmed spokesman Marty Karlon.
The $6.4 billion pension fund's custom benchmark was 13.5%, and its assumed rate of return is 7.75%.
The best-performing asset class for the fiscal year was domestic equity at 23.2%, while international equity returned 13.8%. Real estate returned 12.3%, alternative assets returned 8.7%, and total fixed income returned 2.8%.
As of June 30, the pension fund's actual allocation was 44.2% domestic equity, 23.2% fixed income, 20.1% international equity, 9% real estate and 3.5% alternative assets.
The pension fund's target allocation is 30% domestic equity, 25% fixed income, 20% international equity, 15% alternative assets and 10% real estate.
Separately, the pension fund rehired Gabriel Roeder Smith as actuary. The pension fund issued an RFP in April due to the expiration of GRS' current contract on Dec. 31. Other finalists were Cheiron and The Segal Co.
GRS' new five-year contract begins on Jan. 1.
