West Virginia Investment Management Board, Charleston, returned 3.6% for its $13.6 billion in pension fund assets in the fiscal year ended June 30, said a preliminary performance report by Strategic Investment Solutions, the board’s investment consultant.
The $17.1 billion board’s best-performing asset class was private equity, which returned 11.39%, followed by real estate at 10.06%; large-cap equity, 8.47%; domestic equity, 7.72%; hedge funds, 6%; and fixed income, 1.27%. The overall equity portfolio returned 1.48%, in part due to international equity returns of -4.85%.
As of June 30, the pension fund’s actual allocation was 24.69% domestic equity, 24.66% international equity, 20.26% fixed income, 9.7% hedge funds, 7.97% private equity, 8.64% real estate, 2.51% Treasury inflation-protected securities and 1.57% cash.
