Louisiana State Employees' Retirement System, Baton Rouge, returned a gross 4.4% for the fiscal year ended June 30, according to an investment report on its website.
The $11.6 billion pension fund also returned an annualized gross 9.8%, 5.6% and 9.8%, respectively, in the three, five and 10 years ended June 30.
LASERS returned a gross 9.5% for the fiscal year ended June 30, 2018.
Total alternative investments returned a net 7.5% for the period, while total fixed income returned 6.8% and total equities returned 2.4%.
Benchmark information was not provided.
As of June 30, the actual allocation was 15.4% private markets, 15.2% international large-cap equities, 12.8% domestic large-cap equities, 11.9% emerging markets equities, 7.2% risk parity, 7.1% global multisector fixed income, 6.2% absolute return, 5.9% domestic small-cap equities, 5% international small-cap equities, 3.9% domestic midcap equities, 3% core fixed income, 2.9% high yield fixed income, 2.7% emerging markets debt and the rest in cash equivalents.
The target allocation is: 15% each, international large-cap equities and private markets; 13% domestic large-cap equities; 12% emerging markets equities; 7% each, absolute return, global multisector fixed income and risk parity; 6% domestic small-cap equities; 5% international small-cap equities; 4% domestic midcap equities; and 3% each, core fixed income, high-yield fixed income and emerging markets debt.
Robert W. Beale, chief investment officer, and Tonja Normand, spokeswoman, did not respond to requests for further information by press time.