New Jersey Pension Fund, Trenton, produced a 15.9% return on investments in the fiscal year ended June 30, preliminary figures released Tuesday show.
The pension fund had assets of $80.6 billion as of June 30, based on the preliminary unaudited data, said a news release from the office of state Treasurer Andrew Sidamon-Eristoff.
“The final return for the fiscal year is expected to exceed 16% once year-end valuations are completed for all investments,” said the release. Christopher Santarelli, a department spokesman, wrote in an e-mail that final numbers should be available in late August.
The pension fund’s assets have grown 8.3% from the audited $74.45 billion as of June 30, 2013. The pension fund produced a return on investment of 11.78% in the fiscal year ended June 30, 2013.
The assumed rate of return for the pension fund is 7.9%.
The release didn’t provide a separate benchmark for the fund’s return on investment. “We do not have the benchmark return yet as we are still completing the reconciliation process,” Mr. Santarelli wrote.
