The New Hampshire Retirement System, Concord, achieved a 5.7% return on investment, net of fees, for the fiscal year ended June 30, falling below the system's 7.25% assumed rate of return.
"As long-term investors, we know that we will see returns above and below our assumed rate of return in any given year." George Lagos, executive director, said in a Friday news release. "We continue to emphasize that our primary focus is to meet or exceed the retirement system's assumed rate of return of 7.25% over the long term."
The three-, five-, 10-, 20- and 25-year returns for periods ended June 30, were 9.3%, 6.4%, 9.9%, 5.9% and 8.2% respectively, the news release said.