Louisiana State Employees' Retirement System, Baton Rouge, returned a gross -3.8% for the fiscal year ended June 30, according to an investment report on its website.
The $10.7 billion pension fund also returned an annualized gross 3.2%, 4.4% and 7.7% for the three, five and 10 years ended June 30.
LASERS returned a gross 4.4% for the fiscal year ended June 30, 2019.
For the fiscal year ended June 30, total fixed income returned 0.7%, which the report said contains both gross and net returns. Total alternatives returned a net -2.6% for the period, while total equities returned a gross -6%.