New Jersey Division of Investment, which manages investments for the New Jersey Pension Fund, Trenton, announced Wednesday the pension fund had achieved an unaudited net return of 28.6% for the fiscal year ended June 30, topping the benchmark of 26.3%. The assumed rate of return for the fiscal year ended June 30 was 7.3%.
Pension fund assets were $94.4 billion for the fiscal year ended June 30.
For the fiscal year ended June 30, 2020, the audited net return was 1.2% and assets totaled $76.2 billion.
The return information was presented during a virtual meeting of the State Investment Council, which governs policies for the division of investment.