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CIO reports year‑to‑date gains for Federated funds; private markets show early realizations
Summary
At the June meeting trustees heard that the pension fund was up roughly 8.8% year to date and the health care trust about 10.2%; private markets distributed roughly $12.5 million in Q4 and early 2025 showed additional realizations.
The board received quarterly investment updates on June 26, 2025, reporting strong year‑to‑date returns for the Federated retirement funds and early distributions from private markets investments.
The system’s chief investment officer told trustees the pension fund was up 8.79% fiscal‑year‑to‑date and the health care trust was up 10.18% (preliminary Meketa estimates), with two trading days remaining in the fiscal year. The CIO added: “I don't know if it'll keep us top decile, but, you know, I'm more interested in making sure that we beat the discount rate for sure.”
Private market…
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