Published on January 25th, 2011 | by Len Lazarick1
Pension system sees 14.3% return on investments
The fund returned 14.3% on investments as of Dec. 13, 2010, the midpoint of the current fiscal year. The earnings raised the system’s assets to $36 billion, $4.2 billion more than at the close of fiscal year 2010 on June 30.
Maryland’s pension system performed better than 65% of public funds of similar size in other states, according to the news release.
The Standard & Poor’s 500 stock index, one of the broadest indicators of market performance, rose 15.03% last year.