COLUMBIA, S.C. (AP) — South Carolina's pension fund investments are expected to post double-digit earnings for the current fiscal year.
According to the agency that oversees the fund, the latest report for the state's portfolio shows a net return of 12.7 percent.
The Retirement System Investment Commission said Thursday its investments earned $3 billion between last July 1 and April 30, pushing the fund's worth to almost $28 billion.
Chief Investment Officer Hershel Harper told state retirees in Columbia this week the portfolio should close June 30 with double-digit earnings despite choppier markets in recent months.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
