Georgia Teachers' Retirement System, Atlanta, returned -12.8% for the fiscal year ended June 30, according to Executive Director Buster Evans.
The pension fund finished the fiscal year with about $91.9 billion in total assets, Mr. Evans said in an email. According to the pension fund's 2021 annual report, assets totaled about $102.2 billion as of June 30, 2021.
By asset class, alternative investments returned 24.4% in fiscal 2022, while equities returned -15.1%, fixed income returned -7.4% and cash returned 0.3%.