Pennsylvania PSERS posts positive 3.14% return for the fiscal first quarter

The Pennsylvania Public School Employees’ Retirement System’s chief investment officer, James Grossman Jr., said that fiscal year 2018 is off to a positive start for PSERS. The pension fund posted a positive 3.14 percent return for the fiscal first quarter ended Sept. 30, 2017, adding approximately $1.2 billion in net investment income to the pension fund.

In October, the pension fund reported a positive return of 10.14 percent for the fiscal year ended June 30, 2017, and earned $5 billion in investment income net of fees. PSERS’ top-performing asset classes included U.S. and non-U.S. equities, private markets, high-yield fixed income, and infrastructure.

In addition, PSERS’ assets have grown from $6 billion in 1982 to its current $54.1 billion, as of Sept., 30, 2017. Its real estate market value is a little more than $6 billion, making up 11.4 percent of its total portfol