Pennsylvania Public School Employees' Retirement System, Harrisburg, returned a net 10.14% net of fees for the fiscal year ended June 30, confirmed Evelyn Williams, spokeswoman for the $53.5 billion plan.
Over the long term, PennSERS returned 4.76%, 7.35%, 3.8% and 7.24% for the three, five, 10 and 15 years ended June 30, respectively. The pension fund returned a net 1.29% in the fiscal year ended June 30, 2016. The system returned 1.29% net of fees in the fiscal year ended June 30, 2016.
"Active management was a significant contributor to performance, adding over $1.7 billion relative to the board-approved policy benchmark," said James Grossman Jr., chief investment officer, in a news release.