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PERS posts fiscal‑year gains; committee hears market update and manager briefings
Summary
At its Oct. 17 meeting the PERS Investment Committee reviewed strong market returns for Q3, fiscal‑year gains for PERS and presentations from managers on emerging‑market and international small‑cap mandates. Trustees approved updates to three investment policy statements.
The Public Employees Retirement System of Mississippi’s Investment Committee heard a market update on Oct. 17 that showed strong returns across equity markets for the quarter and continued asset growth for the system, and the committee received presentations from several managers for dedicated mandates.
Chief Investment Officer Charles (last name not specified in transcript) and partner Alex Ford summarized market performance through September: the S&P 500 rose 8.1% in the quarter, international markets and emerging markets posted solid gains, and major indexes benefited from resilient corporate earnings and increased investor interest in AI‑exposed stocks. "Fiscal year to date, as of September 30, the PERS portfolio was up 5.13%," Charles told trustees, citing preliminary returns.
Presentations and manager takeaways - Fisher…
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