UPDATED: Public Funds: Is 15 Percent the Magic Benchmark for Recent Annual Returns?
In a press release, Cowell commented, “The North Carolina pension fund is strong and well-positioned for the long-term. Our strategic, incremental diversification efforts are showing results.”
Looking to the golden state of California at the Sacramento pension giants, the California Public Employees’ Retirement System (CalPERS) returned 18.42% and CalSTRS posted 18.66%.
North Carolina Retirement Systems – Recent Performance
|Asset Class||FY Returns||Current Allocation|
Source: North Carolina Retirement Systems
The $14.1 billion Oklahoma Teachers’ Retirement System returned 22% net of fees for the fiscal year. The top asset class was master limited partnerships earning about 42%, followed by U.S. equities at 27.6%.
U.S. Public Fund Annual FY Returns (Sample)
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