Louisiana Teachers' Retirement System, Baton Rouge, returned a net 15.93% in the fiscal year ended June 30, above its benchmark of 14.24%, said Dana Brown, director of public markets, in an email.
The $18.7 billion pension fund's best-performing asset class was commodities, which returned a net 28.79%, above its benchmark of -6.5%, followed by international equity at 22.83% (above its 22.28% benchmark); private equity, 22.28% (21.51%); domestic equity, 18.16% (18.51%); private debt, 14.62% (15.01%); infrastructure, 11.32% (6.65%); real estate, 8.71% (8.12%); and public fixed income, 3.69% (1.62%).
For the three, five and 10 years ended June 30, the pension fund returned an annualized net 6.39%, 10.29% and 5.36%, above the respective benchmarks of 5.96%, 9.78% and 5.28%. The pension fund returned a net 1.1% in the fiscal year ended June 30, 2016.
As of June 30, the actual allocation was 32% domestic equity, 13% international developed markets equity, 12% private equity, 9% real estate, 8% each domestic fixed income and emerging markets equity, 6% private debt, and 3% each emerging markets debt, global high yield, infrastructure/commodities/farmland and international developed markets fixed income.