Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund returned a gross 9.3% for the fiscal year ended June 30, ahead of its policy benchmark return of 5.3%, CIO Fadi BouSamra said in an email.
By asset class, private equity returned a gross 21.2% for the fiscal year ended June 30, followed by fixed-income alternatives at 10.3%, domestic equities at 8.1%, real assets at 6.8%, international equities at 3% and equity hedge at -0.4%.
As of June, the actual allocation was 19.3% private equity, 19.2% fixed-income alternatives, 16.6% fixed income, 14.4% domestic equities, 11.6% real assets, 11.5% international equities, 6.2% equity hedge and the rest in cash.
Asset class benchmark information and data for the three, five and 10 years ended June 30 were not immediately available.
