SDCERS Preliminary Fiscal Year 2013 Investment Returns Total 13.4%

Date: Aug 25, 2013


The San Diego City Employees’ Retirement System today announced preliminary investment earnings of 13.4% (net of fees) for fiscal year 2013. The total fund policy benchmark was 12.0%.

Asset class performance was strong throughout the portfolio. U.S. equities returned 22.8% versus its benchmark of 21.5%, Non-U.S. equities returned 15.2% versus its benchmark of 13.9%, and U.S. fixed income exceeded its benchmark by 1.2%. Preliminary return figures for real estate and private equity were 11.5% and 21.6%, respectively. 

Returns over longer time periods also remain strong: 3-year annualized returns of 12.2% and 10-year returns of 8.0%. The market value (unaudited) of the portfolio was $5.8 billion as of June 30, 2013.

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