Mississippi PERS reports 9.48% preliminary gross return for FY

The $28.14 billion Mississippi Public Employees’ Retirement System has reported a 9.48 percent preliminary gross return for fiscal year ending June 30, according to an investment report. A benchmark was not provided.

For the three-, five- and 10-year annualized gross returns, Mississippi PERS posted 8.38 percent, 9.32 percent and 7.45 percent, respectively.

The real estate asset class recorded an 8.92 percent return for the fiscal year. Mississippi PERS’ has a target allocation to real estate of 10 percent and, as of June 30, its actual allocation was 10.11 percent, making its market value $2.151 billion of the total portfolio.

In 2017, the pension fund reported a 14.96 percent return on gross for the fiscal year, coming in 100 basis points above its 13.86 percent policy benchmark.