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KRS Systems investments earn $1.4B in FY2018
Kentucky Retirement Systems investments earn more than $1.4 billion in Fiscal Year Ended June 30, 2018. Gains Realized In All KERS, CERS, and SPRS Pension and Insurance Funds
By David Eager
Frankfort, KY - Kentucky Retirement Systems (KRS) announced today that their investments earned more than $1.4 billion during the Fiscal Year that ended June 30, 2018. Pension Fund Investments collectively earned a total of 8.57% and Insurance Fund investments earned a total of 9.05% for the year. KRS total assets increased to $17.42 billion as of June 30, 2018.
Investment returns for all individual System pension and insurance funds under management reflect the fact that the asset allocations and investments vary from plan to plan due to their specific liquidity, income and risk control needs. The returns for each System are as follows:
Kentucky Retirement Systems Fiscal Year 2018 investment returns
Of particular note, KRS finished in the 26th percentile over the Fiscal Year in Pension and the 17th percentile in Insurance in the TUCS Universe ratings. TUCS is a collaborative effort between Wilshire Associates and custodial organizations where custodians submit asset positions and performance data which is then pooled into universes for comparison purposes. TUCS is the most widely accepted benchmark for performance of U.S. institutional assets.
The TUCS Total Return of Master Trusts - Public Universe compares performance and risk of all public pension funds... regardless of pension size... included in the TUCS Universe database. This universe includes only public pension funds and does not include any endowments/foundations, corporate pension plans, or the like.
"While the Investment Staff and the Investment Committee of the Board are very pleased with the performance of our assets over the fiscal year, we remain focused on the long road ahead of us to achieve a healthy funded status for each of our plans. Investment returns are only one part of this process, but we look forward to continuing the momentum we have created over the last two years," said KRS Interim Executive Director of Investments Rich Robben, CFA.
Kentucky Retirement Systems is responsible for the investment of funds and administration of pension and health insurance benefits for over 379,000 active and retired state and local government employees, state police officers, and nonteaching staff of local school boards and regional universities.
This story was posted on 2018-08-27 14:28:51
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