Louisiana Teachers' Retirement System, Baton Rouge, returned 17.9% in the year ended Dec. 31, confirmed spokeswoman Lisa Honore.
The $16.1 billion pension fund's best-performing asset class was domestic equities, which returned 34.9%, followed by international equities at 17.5%, and alternatives and real estate at 16%. Total fixed income returned -2.1% for the year.
As of Nov. 30, the pension fund's actual asset allocation was 33% domestic equities, 17% international developed equities, 11% private equity, 10% international developed fixed income, 9% domestic fixed income, 8% real estate, 5% emerging markets equities, 4% private market debt and the rest in emerging markets debt and infrastructure/commodities.
The target allocation is 31% domestic equities, 14% domestic fixed income, 13% private equity, 11% international developed equities, 8% emerging markets equities, 7% real estate, 6% private market debt, 4% international developed fixed income and 3% each, emerging markets debt and infrastructure/commodities.
