US - The Indiana Public Employees' Retirement Fund (PERF) has earned 5.2% on its investments in the first quarter of 2006, representing a $670m increase in assets under management.
Total AuM for the fund have now hit an all-time high of $14.9bn, an increase of $750m since the end of last year. The 5.2% return outperformed the benchmark by 1.2%.
“Quarterly results represent strong investment performance and prudent financial management,” remarked PERF executive director David Adams.
“PERF is well prepared to meet benefit obligations.”
PERF CIO, Shawn Wischmeier put the Q1 performance down to the quality of the active management employed by the fund.
“Our managers have consistently outperformed their benchmarks,” he said.
According to a recent scorecard published by the state governor Mitch Daniels, PERF was a top three performer in Indiana in terms of AuM within the last six months.
By Daniel Flatt
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.