The New Hampshire Capitol in Concord
New Hampshire Retirement System, Concord, returned a net 1.1% for the fiscal year ended June 30, spokesman Marty Karlon said in an email.
The $9.1 billion pension fund's return fell below its benchmark return of 4.8%.
For the three, five and 10 years ended June 30, the pension fund returned an annualized net 5.2%, 5.9% and 8.7%, respectively, below the respective benchmarks of 6.7%, 6.9% and 9.3%.
NHRS returned a net 5.7% for the fiscal year ended June 30, 2019.
The best-performing asset class for the most recent fiscal year was fixed income, which returned a net 6.5% (below its 7.9% benchmark), followed by real estate at a net 3.5% (above its 1.3% benchmark); alternative assets, 0.5% (7.1%); domestic equities, 0.4% (7.5%); and international equities, -4.9% (-4.8%).
As of June 30, the actual allocation was: 27.8% domestic equities; 23.2% fixed income; 19% alternative assets; 17.9% international equities; 10.7% real estate; and 1.4% cash.
