Administration July 21, 2011

MD Pension System Posts 20% FY Return

July 21, 2011 (PLANSPONSOR.com) - The Maryland State Retirement and Pension System's portfolio returned 20.04% on investments for the fiscal year that just ended June 30, 2011.
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By asset class, the system’s public equity investments earned 28.76%, while private equity earned 24.45%. Fixed income posted a 4.80% gain, while credit investments earned 13.46%. Real return earned 13.11% and absolute return posted an 8.54% gain. The system’s real estate investments earned 23.30% for the fiscal year.  

The system’s asset allocation is: 

  • Public equity – 47.23%; 
  • Private equity – 4.31%; 
  • Fixed income – 20.33%; 
  • Credit – 5.86%; 
  • Real return – 10.4%; 
  • Real estate – 5.77%; 
  • Absolute return – 4.36%; and 
  • Cash – 1.74%. 

 

“The fund was positively impacted by the continued market recovery this year,” said Dr. Melissa Moye, Interim Chief Investment Officer, in a press release.  “At the same time, the board and the Investment Division continue to diversify the fund to limit volatility relative to the market.” 

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