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.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.