Mississippi Public Employees' Retirement System, Jackson, returned a gross 14.96% in the fiscal year ended June 30, 110 basis points above its policy benchmark, said Shelley Powers, spokeswoman, in an email.
The $26.9 billion pension fund's best-performing asset class was international equities, which returned a gross 22.3% in the 12 months, followed by global equities at 20.25%; private equity, 20.12%; domestic equities, 19.08%; real estate, 6.76%; and fixed income at 2.39%. Asset class benchmarks were not provided.
The pension fund's three-, five- and 10-year total returns were an annualized 6.34%, 10.08% and 5.58%, respectively. The pension fund returned 1.15% in the fiscal year ended June 30, 2016.
As of June 30, the actual allocation was: 31.7% domestic equities, 22.4% international equities, 18.6% fixed income, 9.9% real estate, 9.3% global equities, 6.9% private equity and 1.2% cash.
