USA - The Teachers' Retirement System of Louisiana (TRSL) has achieved high growth for the fiscal year 2006-07 with a total return on assets of 19.67%, compared to 14.3% over 2005-06.
The portfolio grew from US$13.76bn to $15.82bn, marking the third year of continuous two-figure growth.
Many asset classes in the TRSL portfolio showed strong growth, with particularly impressive performances from foreign equities, which gained 30.23%, and international small cap equities, which returned 36.66%.
TRSL's alternative investment portfolio also performed well, returning 35.55%. International private equity investments returned a “phenomenal” 125.48%.
Sheryl Abshire, chair of the TRSL Board, said: “We couldn’t be more pleased with the outstanding performance of our portfolio.The strength of our fund is its strong diversity, which the Board has worked hard to achieve.”
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