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Mississippi PERS reports strong fund performance, low fees in quarterly review
Summary
The Public Employees Retirement System of Mississippi reported estimated fiscal‑year‑to‑date returns above 12%, highlighted multi‑year outperformance and a low all‑in investment expense ratio of about 31–32 basis points, and staff said ongoing manager fee negotiations are producing concessions.
The Public Employees Retirement System of Mississippi (PERS) reviewed quarterly results and a fee benchmarking report at its investment committee meeting. Staff and consultants reported total plan assets near $37.6 billion at the December reporting date and an unaudited estimated total‑fund return of about 12.06% fiscal‑year‑to‑date. The one‑year total‑fund return was reported at about 16.4%.
Cons…
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