Trustees for the Hawaii Employees’ Retirement System were
told the value of the portfolio increased by $945 million during the third
quarter, according to the Associated Press. That follows a nearly $700 million
gain in the three months ended June 30.
The North Carolina pension system’s investment portfolio
posted a 10.4% return for the quarter ending September 30, the Business Journal
of the Greater Triad reports. Pension fund assets were at $65.8 billion, an
increase from the $60.2 billion reported June 30. The fund’s year-to-date
return is at 12.26%.
As of the end of September, the pension fund for Hawaii’s
state and county workers stood at about $9.8 billion – $108 million less than a
year ago, according to Neil Rue, a managing director of ERS adviser Pension
Consulting Alliance Inc., the news report said. ERS Chief Investment Officer
Rod June said the third quarter was probably one of the best quarters the fund
has seen in years.
Cowell cites the rebounding stock market as the key
factor in the North Carolina system’s upswing. The investments that make up
nearly 90% of the fund’s portfolio, stocks and bonds, returned 17.6% and 5.8%
for the quarter, respectively. However, real estate returns were down 7.9% for
the quarter and 31.36% year-to-date.