Louisiana School Employees' Retirement System, Baton Rouge, returned 14% in the fiscal year ended June 30, confirmed George Meyer, chief investment officer.
The $1.6 billion pension fund's best-performing asset class, according to preliminary data, was domestic equities, led by midcap equities, which returned 25% in the year ended June 30. Small cap returned 24.39%, while large-cap strategies returned 21.46%.
International equities returned 14.41%, and real estate returned 10.99%. Domestic fixed income returned 3.42% and international fixed income returned -3.96%.
Private equity returned 6.67% in the year ended March 31, the most recent data available for that asset class.
As of June 30, the pension fund's allocation was 30.25% domestic large-cap equities, 16.49% domestic fixed income, 14.77% international equities, 12% domestic small-cap equities, 8.43% real estate, 6.92% international fixed income, 5.76% domestic midcap equities, 5.12% private equity and 0.26% cash.