The Louisiana
State Employees’ Retirement System (LASERS) has posted an investment return of
12.6 percent for the fiscal year ending June 30, 2013, which brings the total
asset value for LASERS to over $9.7 billion.
“We are
pleased to announce double digit returns for the 2012-2013 fiscal year,” said
LASERS Chief Investment Officer Bobby Beale. “In addition, LASERS continues to
focus on long range investment returns, which rank us in the top quartile among
our peers nationwide.” LASERS highly credentialed staff internally manages
approximately one-third of its portfolio, saving the System millions of dollars
per year in professional management fees.
LASERS
10 year investment return is 8.2 percent. The most recent peer comparison as of
June 30, 2013, places LASERS in the top 19 percent ranking over a 10 year
period 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.
“Our
investment performance is consistently among the best in the nation,” said
LASERS Executive Director Cindy Rougeou. “We are pleased to report to our
members that LASERS is continuing to move forward in a positive direction.”
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