BOSTON (AP) — The Massachusetts public employee pension fund has reported a net investment return of nearly 30% for the recently ended fiscal year, the best return in the fund’s 35-year history.
The Massachusetts Pension Reserves Investment Management Board in a statement Tuesday said the return resulted in a net investment gain of $22.1 billion for the fiscal year that ended in June, for a total of nearly $96 billion in assets under management.
The return outperformed benchmarks by about 9%.
The fund oversees pension investments for about 300,000 state and municipal employees and teachers.
The Associated Press
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