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Mississippi Public Employees' discloses 3.35% return for the fiscal year
Investors - AUGUST 20, 2020

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Mississippi Public Employees’ discloses 3.35% return for the fiscal year

by Kali Persall

The $28.2 billion Mississippi Public Employees' Retirement System has recorded a 3.35 percent return for the fiscal year ending June 30, according to a recent investment report.

IREI understands the pension fund had a policy benchmark of 4.27 percent.

The pension fund clocked a 1.17 percent return for its real estate portfolio for the year. The portfolio includes REITs, core and core-plus commingled funds, value-added funds and timber.

In February, PERS appointed Robert Clark as CIO. He joined the pension fund from Southeastern Trust Company in Chattanooga, Tenn., where he served as portfolio manager since 2012.

As of June 30, the real estate portfolio was valued at $2.7 billi

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