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Sign in Sign up for a FREE subscriptionPennsylvania PSERS reports positive fund performance
The Pennsylvania Public School Employees’ Retirement System (PSERS) has reported total fund performance of 8.14 percent for the fiscal year ending July 1.
The fund’s performance surpassed the board of trustees’ investment policy benchmark composite by 107 basis points. Between June 30, 2023, and July 1, 2024, the market value of PSERS’ assets rose by $2.9 billion to about $75.2 billion.
“The one-year net results continue to be reassuring,” said Ben Cotton, CIO of PSERS. “There is a lot of work that still needs to be done as the fund begins a routine three-year reassessment of its strategic asset allocation this fall.”
As of June 30, PSERS’ real assets allocation, which includes real estate and infrastructure, had a market value of nearly $18 billion, representing 23.6 percent of the total portfolio.
