San Bernardino County (Calif.) Employees' Retirement Association returned a preliminary net 33% in the fiscal year ended June 30, the $13.4 billion pension fund said in a news release.
The pension fund did not provide estimated returns by asset class or preliminary long-term annualized returns.
"This record-breaking return on investments is a result of our long-term and opportunistic strategy, our skilled team, and steady advice from our investment partners, including NEPC," said Neal Waner, chairman of the SBCERA board and investment committee, in the release.
The pension fund posted a net loss of -3.1% for the fiscal year ended June 30, 2020.
A spokesman for the pension fund could not be immediately reached for additional information.