The New Jersey Division of Investment has reported a return of 28.63 percent for the 12-month period ending June 30, far surpassing any annual return on record for the last 20 years.
The FY 2021 return boosted the total unaudited market value of the pension fund to an estimated $94.4 billion as of June 30. The fund also outperformed its benchmark of 26.28 percent by 235 basis points.
“This has been a historic year for New Jersey’s pension fund, both in reaching the milestone of making the first 100 percent actuarially determined contribution in 25 years, and now, with today’s news regarding our returns for the year,” said State Treasurer Elizabeth Maher Muoio. “Taking a look at the 20-year snapshot, this year’s returns dwarfed any annual performance over the last two decades, far surpassing the next highest return, which was 17.97 percent in 2011.”
The majority of asset classes produced exceptionally strong contributions, led by private equity, pub
