PSPRS generates $1b in returns for fiscal year 2017
The $9.3 billion Public Safety Personnel Retirement System of the State of Arizona has generated $1 billion in returns for fiscal year 2017, the pension fund announced. It marks an 11.85 percent net of fee return while operating with less risk than the vast majority of peer pension funds.
PSPRS’ investments typically include emerging technologies, consumer goods, retail businesses, real estate holdings, energy markets and even agriculture.
PSPRS’ investment performance over the last five years has exceeded the 7.4 percent assumed earnings rate set by the board of trustees. The PSPRS investment team led by Ryan Parham, chief investment officer, has also generated returns that exceed internal benchmarks set for the one-, three-, five- and 10-year periods.
“PSPRS still has a long way to go, but we are proud of the returns we have been able to generate despite the fact that our investments have less than half the risk of a typical 401(k) plan,” said Parham.