Strong Return for the State Retirement System

The Maryland State Retirement Agency announced top investment returns for the State Retirement and Pension System recently.

The Board of Trustees of the Maryland State Retirement and Pension System has been informed that its portfolio returned 10.6% on investments for the fiscal year ending June 30, 2013—exceeding the 7.75% assumed actuarial return rate. The 10.6% return is net of investment manager fees. The performance also exceeded the market benchmark for the total fund of 8.6%. The performance raised the assets of the system to $40.25 billion—a total gain of $3.2 billion for the year.

According to the System’s Chief Investment Officer, Dr. A. Melissa Moye, “The strong performance was driven by public equities with significant value generated from active management.”  Investments in public and private equity, real estate and credit saw the highest returns.

For more information, including a complete breakdown of asset allocation, see the press release from the State Retirement Agency.
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