Investors - JULY 20, 2017

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Idaho Public Employee posts 12.7% gross return in fiscal year

by Jody Barhanovich

The $16.4 billion Public Employee Retirement System of Idaho had a 12.7 percent gross return in fiscal year ended June 30, according to Robert Maynard, chief investment officer. The fund’s gross return fell slightly short of its 13 percent benchmark.

The fund also ended the fiscal year with a return of 12.4 percent net of investment fees, according to a document on the pension fund’s website.

Breaking it down by asset class, global equity had the best return with 23 percent, followed by emerging markets equity at 22.9 percent. International equity came in at 20.8 percent, while domestic equity was at 15.5 percent. Private equity was at 12.3 percent, and private real estate was at 10.2 percent. Real estate investment trusts registered 0.1 percent, while domestic fixed income was negative at –0.3 percent. Lastly, treasury inflation-protected securities was negative as well at –0.7 percent and Idaho mortgages were at –1.1 percent. All of the asset class figures

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