The PA State Employees’ Retirement System Wednesday announced a 3.7 percent return for the third quarter of 2017, resulting in an 11.2 percent net-of-fees return on investments that added nearly $2.9 billion in earnings to the SERS Fund during the first nine months of the year.
“Strong performance from the global public equity, private equity and fixed income portfolios have driven strong calendar year returns.” said SERS Chief Investment Officer Bryan Lewis.
SERS’ investment performance reporting, all returns are reported net of fees and private equity and real estate returns lag by one quarter.
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