The Louisiana State Employees' Retirement System (LASERS) has posted a year-to-date investment return of 11.1 percent for the period ending September 30, 2012.
In an analysis by Wilshire's Trust Universe Comparison Service (TUCS), LASERS ranks among the top public pension systems in the United States with a market value greater than $1 billion. According to statistical data, LASERS is in the top nine percent in both the 10-year and three-year investment return categories. 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.
In addition, LASERS was recently recognized as being among the top 10 state pension plans in the United States based on an analysis of 10-year annualized investment returns by Cliffwater LLC.
LASERS Executive Director Cindy Rougeou said, "Though the market experienced significant corrections, including the Great Recession during this decade, LASERS earned a 9.0 percent annualized return for the 10-year period ended September 30, 2012. Much of our success can be attributed to a highly qualified staff, managing over 30 percent of our portfolio internally."
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