Friday, July 22, 2011

The Louisiana State Employees' Retirement System (LASERS) Posts Record Investment Gains of 24.3%

The Louisiana State Employees' Retirement System (LASERS) has posted an investment return of 24.3% for the fiscal year (July 1, 2010-June 30, 2011). Historically, this is the plan's highest fiscal year return.

Peer comparison for the fiscal year end is not yet available; however, the most recent comparison for the 1-year period ending March 31, 2011, places LASERS in the top 2% ranking for public funds greater than $1 billion according to Wilshire's Trust Universe Comparison Service (TUCS).

TUCS is the most widely accepted benchmark for the performance of institutional assets and represents the largest database  of any peer comparison service in the industry. LASERS expects the 24.3% fiscal year return to rank favorably among peers as well.

Of the $9.3 billion LASERS portfolio, over one quarter is managed internally by a highly qualified staff, saving the System $6 million a year in fees and management costs. LASERS asset allocation has resulted in over $3.3 billion being added to the fund since March 1, 2009.

"We believe LASERS is well positioned to take advantage of a variety of investment opportunities," said LASERS Executive Director Cindy Rougeou. "Investment returns fund the majority of the benefits our members receive. This is certainly good news in a somewhat volatile economy."

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