New Mexico Educational Retirement Board, Santa Fe, returned a net 3.7% for the quarter and 10.3%, for the year ended Sept. 30, said Bob Jacksha, chief investment officer for the $11.7 billion pension fund, in an e-mail.
The quarterly return matched the 3.7% benchmark; the one-year return surpassed the 9.9% benchmark return.
The best performing asset class for the one-year period was real estate with a 16.3% net return, followed by emerging markets debt at 16.2%. The worst performing asset class was cash at 0.5%.
The pension plan's three-year net return for the same period was 7%, while its five-year return was 9.2%.
