The Firefighters’ Retirement System of Louisiana generated a 5.2 percent return for the fiscal year that ended June 30, slightly underperforming its 5.6 percent benchmark.
The system’s real estate investments, which make up 5.9 percent ($144.4 million) of its $2.4 billion portfolio, generated a negative 4.3 percent return for the fiscal year, below its negative 4.0 percent benchmark.
Real assets investments make up 0.2 percent ($5.5 million) of the system’s portfolio, well below its 3 percent policy target allocation for the asset class.