Mississippi PERS reports 14.96% gross return for fiscal year

The $26.9 billion Public Employees’ Retirement System of Mississippi has reported a 14.96 percent return on gross in fiscal year ending June 30, according to the fund’s quarterly financial report. The pension fund came in 100 basis points above its 13.86 percent policy benchmark.

The best-performing asset class for the pension fund was international equities, which returned a gross 22.3 percent in the 12 months, followed by global equities at 20.25 percent. Private equity returned a gross 20.12 percent, while domestic returned a gross 19.08 percent. Real estate returned a gross 6.76 percent and fixed income was at 2.39 percent.

Mississippi PERS annualized its three-year, five-year and 10-year total returns, which were 6.34 percent, 10.08 percent and 5.58 percent, respectively. The pension fund returned 1.15 percent in the fiscal year ended June 30, 2016.

The pension fund has a target allocation to real estate of 10 percent and an actual allocation of 9.9 pe