Maryland State Retirement System Sees 14% Return in FY10

July 20, 2010 (PLANSPONSOR.com) - The Maryland State Retirement and Pension System announced its portfolio returned 14.05% on investments for the fiscal year that just ended June 30, 2010—exceeding the 7.75% assumed actuarial return rate.

The performance raised the assets of the system to $31.848 billion.  

According to the announcement, the system has 51.2% of its assets invested in equities, which earned 15.63% for the fiscal year. Nineteen percent of the system’s assets are invested in fixed income vehicles, which earned 14.31%.  

The announcement listed other asset allocation and return data: 

  • Private equity – 3.2% of assets allocated, 14.16% return; 
  • Credit – 3.4%, 19.23%; 
  • Real return – 10.5%, 12.1%; 
  • Real estate – 6.3%, 3.55%; 
  • Absolute return – 4.4%, 7.47%; and 
  • Cash – 2%, 2.48%. 

 

Though the final numbers aren’t in, I expect that we will have exceeded our policy benchmark by nearly 250 basis points (2.5%),Mansco Perry, Chief Investment Officer, said in the announcement.  

The Maryland State Retirement and Pension System has more than 116,000 retirees and beneficiaries and more than 251,500 active and former members.

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