LACERS posts 6.77% return for fiscal year
The $21.6 billion Los Angeles City Employees’ Retirement System returned a net 6.77 percent for the fiscal year ending on June 30, above its benchmark of 5.78 percent.
The fund’s annualized returns over the past three, five, and 10 years have been 8.62 percent, 6.54 percent and 7.49 percent, respectively. Those returns are each above LACERS’ benchmarks of 7.04 percent, 6.41 percent and 7.4 percent for those time periods.
The fund holds 12.8 percent of its portfolio in real assets, slightly above its 12 percent real asset target allocation. For the past fiscal year, real assets for LACERS returned -3.47 percent, outperforming the fund’s real assets benchmark of -5.01 percent.
The past three, five and 10 years of annualized returns for the fund’s real assets investments have been 4.23 percent, 3.78 percent and 5.67 percent, respectively. Those returns can be compared with the fund’s respective real asset benchmarks of 3.63 percent, 4.65 percent and 5.6