Institutional Investors Performance

US public pensions report 20%-plus returns, prior to market downturn


Riding the equity market gains of the previous past year, the fiscal year 2011 returns (to end-June) for US public pensions have been in the 20%- plus territory, going into the latest round of market volatility and uncertainty.

The Florida State Board of Administration, the San Diego County Employees Retirement Association, and the Teachers Retirement System of Illinois each reported strong returns in recent weeks. Each group has added single- manager hedge funds to their investment portfolios this past year.

The $128 billion Florida State Board of Administration released preliminary figures for the fiscal year ending 30 June