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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...