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Sign in Sign up for a FREE subscriptionPennsylvania SERS reports 10.8% net of fees year-over-year return
The $29 billion Pennsylvania State Employees’ Retirement System’s general investment consultant, RVK, reported that the fund earned 10.8 percent net of fees for the one-year period ended March 31, 2018, despite a flat first quarter of 2018, according to investment meeting notes.
Over the five-, 10-, 25-, and 30-year periods, the fund earned 7.5 percent, 4.5 percent, 8.2 percent, and 8.8 percent net of fees, respectively.
Returns by asset class for the first quarter were:
Asset Class First Quarter 2018 Private Equity 2.7% Real Estate 2.6% Cash 0.4% Multi-Strategy 0.2% Legacy Hedge Funds -–0.2%