The New Hampshire Retirement System (NHRS) has recorded a -6.1 percent return on investments in the fiscal year ending June 30, but exceeded the total fund benchmark of -9.3 percent.
NHRS said fiscal year 2022 represented its first negative return since 2009, due to the negative impacts of inflation, rising interest rates and Russia’s invasion of Ukraine. Despite its recent negative returns, NHRS said it performed better than two-thirds of its peers in fiscal year 2022 and was in the top 20 percent throughout the past decade.
The three-year, five-year, 10-year and 25-year returns were 7.1 percent, 7.2 percent, 8.5 percent and 6.9 percent, respectively, for the periods ended June 30.
“As a result of several unforeseen events, global markets were severely challenged in the spring of 2022,” said Jan Goodwin, executive director of NHRS. “As long-term investors we know that we will see returns above and below our assumed rate of return in any given year. Beca
