Louisiana State Employees’ Retirement System, Baton Rouge, returned 15.8% in the year ended Dec. 31, confirmed spokeswoman Tonja Normand.
Equities returned 24.4%, followed by alternatives at 5.8% and fixed income at 3.4%.
As of Sept. 30, the $10.5 billion pension fund’s target allocation was 15% each, international large-cap equity and domestic large-cap equity; 13% private equity; 12% emerging markets equity; 8% domestic small-cap equity; 7% each, absolute return and risk parity; 5% high-yield fixed income; 4% each, domestic core fixed income and domestic midcap equity; 3% each, international small-cap equity and real assets; and 2% each, emerging markets debt and mortgage fixed income.
The pension fund’s actual allocation as of Sept. 30 was 17% domestic large-cap equity; 13% each, international large-cap equity and private equity; 9% each, domestic midcap equity and emerging markets equity; 8% absolute return; 7% risk parity; 5% high yield fixed income; 4% each, domestic core fixed income and domestic midcap equity; 3% each, mortgage fixed income and real assets; 2% each, emerging markets debt and international small-cap equity; and 1% cash equivalents.