PERF Assets Topped $16.4 Billion in March
Prudent investment strategy seeks to mitigate impact of market swings
INDIANAPOLIS (April 27, 2007) - Assets under management topped $16.4 billion, growing by more than $1.5 billion, at the Indiana Public Employees' Retirement Fund (PERF) in the 12 months ending March 31, 2007.
Quarterly data submitted to PERF's board of trustees Friday showed assets under management at PERF are up from $14.8 billion in March 2006 and $16.1 billion in December.
The quarterly 2.1 percent return and one-year 10.4 increase is the result of a prudent, long-term investment strategy, according to Executive Director David Adams. "By diversifying our investments to mitigate the impact of market swings, we have managed to maintain a reasonable rate of return," he said. "We will continue to focus on an investment strategy that manages risk by diversifying our portfolio."
The Public Employees' Retirement Fund (PERF) is a $16.4 billion retirement fund headquartered in Indianapolis that serves the needs of more than 220,000 public employees and retirees throughout Indiana.
- END -
CONTACT:
Jeff Hutson
Director of Communications
(317) 234-3401
jhutson@perf.in.gov
