Atlanta's three city pension plans delivered solid returns for the fiscal year ended June 30, outperforming their respective benchmarks and reversing losses incurred in the prior fiscal year.
The $1.7 billion Atlanta General Employees' Pension Fund returned 9.7% for the fiscal year ended June 30, ahead of its benchmark, which returned 8.8%, according to an investment report on the city of Atlanta's website.
For the three, five, seven and 10 years ended June 30, the general employees plan returned an annualized net 8.3%, 6.9%, 8.3% and 8.2%, respectively, compared with their respective benchmark returns of 7.4%, 6.4%, 7.9% and 7.9%.
The general employees plan had returned a net -11.9% for the fiscal year ended June 30, 2022.
As of June 30, 2023, the employees plan's asset allocation was 38.7% U.S. equity, 21.2% fixed income; 19.9% international equity, 15% global equity; 3.4% real estate; 1.2% cash and the rest in alternatives.