San Francisco City & County Employees' Retirement System returned 7.8% in the fiscal year ended June 30, a recently released report from CIO William J. Coaker Jr. shows.
The preliminary investment return comes slightly ahead of the pension fund's required rate of return of 7.4%, Mr. Coaker said in the report.
Among asset class returns disclosed in the report, private equity returned 17.5%, while private credit returned 10.7%, real assets returned 8.6% and public equities returned 5.8%. Returns for absolute return and fixed income were not disclosed. Whether the returns were gross or net of fees could not be immediately learned.