PERF Assets Top $16 Billion
Reflects growth of approximately $2 billion in 2006
INDIANAPOLIS (Jan. 11, 2007) - Assets under management grew by approximately $2 billion at the Indiana Public Employees' Retirement Fund (PERF) in the 12 months ending Dec. 31, 2006.
PERF began 2006 with $14.1 billion in assets under management and ended the year with approximately $16.1 billion. Nearly $1.4 billion of the Fund's growth occurred in the final six months of calendar year 2006.
PERF Executive Director David Adams attributed the 13.7 percent return to positive investment performance through the calendar year. "While the markets have done well, our investments have consistently outperformed both the market and our targeted rate of return," Adams said. "While I'm pleased with this performance, we remain focused on a prudent investment strategy to provide long-term fund stability."
The Public Employees' Retirement Fund (PERF) is a $16.1 billion retirement fund headquartered in Indianapolis that serves the needs of more than 220,000 public employees and retirees throughout Indiana.
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CONTACT:
Jeff Hutson
Director of Communications
(317) 234-3401
jhutson@perf.in.gov
