New Hampshire system logs 5.7% investment return

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.

Assets rose to an unaudited $9.21 billion, up $334 million or 3.8% from the previous fiscal year.Detailed information will be available in December when the comprehensive annual financial and investment reports are published, the news release said.

For the fiscal year ended June 30, asset allocation categories were domestic equity (28%); fixed income (24.1%); non-U.S. equity (18.5%); alternative assets (18.2%); real estate (10.1%); and cash (1.1%), according to the system's website.