The PA State Employees’ Retirement System Wednesday announced a 1.2 percent return for the second quarter of 2016, resulting in a 2 percent return and earnings of $500 million net of fees for retirement benefits during the first half of the fund’s fiscal year.
“In one of the lowest return-yielding environments in global capital markets, SERS has produced positive returns for the quarter and year to date,” explained Chief Investment Officer Bryan Lewis. “Stronger returns from our real asset and fixed income investments helped dampen the impact of lower returns from our hedge funds and global public equity during the same period. Our focus on diversification and being a global investor continues to add value to our members’ financial security.”
As always with SERS’ investment performance reporting, all returns are reported net of fees and alternative investments and real assets returns lag by one quarter.
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