The Louisiana Municipal Police Employees Pension Fund reports a return of -10.3% for the fiscal year, ahead of the benchmark

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The pension fund’s most recent fiscal year results reflect a difficult return environment for public stocks and fixed income securities over the past year. For the year ended June 30, the Russell 3000 Index and the Bloomberg US Aggregate Bond Index returned -13.9% and -10.3%, respectively.

For the three, five, and 10 years ended June 30, the pension fund delivered annualized net returns of 5.1%, 5.3%, and 7.1%, respectively, beating their respective benchmarks of 4.2%, 5, 2% and 7%.

The pension fund had achieved a net return of 25.9% for the year ended June 30, 2021.

Despite challenges in the public equity and fixed income markets, LAMPERS benefited from strong returns in its real estate and private equity asset classes over the past fiscal year.

The pension fund reported net returns of 25.6% and 21.9% for the asset classes for the year ended June 30, compared to their respective benchmark returns of 22.7% and 27.3%.

Hedge funds also had a positive net return of 0.8% (above the benchmark return of -5.2%) for the period.

The pension fund’s fixed income asset class delivered a net return of -10.9% (above the benchmark of -11.5%), followed by domestic equities at -13.5% (-13.9%); international equities, -21.7% (-17.8%); and emerging market equities -23.8% (-25.3%).

As of June 30, the actual allocation was 29.4% fixed income, 28.6% domestic equities, 14.9% international equities, 10% real estate, 8.6% emerging market equities, 7.7% private equity and 0 each .4% cash and hedge funds.

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