Publications

Louisiana Teachers’ earns 15.93% net investment return
Investors - SEPTEMBER 7, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Louisiana Teachers’ earns 15.93% net investment return

by Jody Barhanovich

The Teachers’ Retirement System of Louisiana has reported a net 15.93 percent market rate of return for the fiscal year ended June 30, 2017. The performance pushed the pension fund’s total assets to a new high of $18.7 billion.

A strong market return helped push the pension fund’s assets up $1.9 billion last year, said TRSL board chair Jerry Baudin, Ph.D.

TRSL’s fiscal year performance puts it in the top second percentile of 87 public pension funds with assets exceeding $1 billion for the fiscal year ended June 30, 2017, according to Wilshire Trust Universe Comparison Service (TUCS).

“Several asset classes, including our investment in commodities and equities, delivered exceptional returns,” said Philip Griffith, TRSL chief investment officer.

During this period, TRSL was active in its investments. In its real estate portfolio, TRSL made commitments to fund managers such as Apollo Global Management, The Carlyle Group,

Forgot your username or password?