Double-Digit Returns Pumps Up PERF’s Coffers

Jan 17 2007 | 9:58am ET

The Indiana Public Employees' Retirement Fund grew a little bigger last year thanks to a 13.7% return on investments. The fund, which began the year with $14.1 billion in assets under management, ended with $16.1 billion, taking in some $1.4 billion in the final six months of 2006.

PERF executive director David Adams attributed the 13.7% return to positive investment performance through the calendar year. "While the markets have done well, our investments have consistently outperformed both the market and our targeted rate of return," said Adams.

In August, PERF's board of trustees increased the fund's alternatives allocation to 15% in an effort to manage risk and further diversify its assets into areas beyond stocks and bonds. The fund delivered estimated annualized returns of 21% in its alternative asset class, which includes investments such as private equity, real estate, timber, oil and natural gas, for the fiscal year ending June 30, 2006.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.