August 27, 2024

The Louisiana State Employees’ Retirement System (LASERS) reported a 14.0% investment return for the 12-month period that ended June 30, 2024.

The System’s total market value of investment assets stands at just over $15 billion.

“This year’s investment performance underscores our commitment to strategic asset allocation and prudent risk management. The plan benefitted from favorable equity markets, as well as our allocation to Global Multi-Sector/Opportunistic investments, which comprises the majority of our fixed income portfolio. The Plan’s total equity allocation earned 18.9% followed by the Global Multi-Sector allocation return of 14.3% for the fiscal year. As always, our focus remains on long-term growth and stability, ensuring that we meet the retirement needs of our members today and in the future.” LASERS Chief Investment Officer Bobby Beale said.

“I would like to recognize the excellent guidance provided by our Board of Trustees and our investments team, who skillfully manage over one-third of our portfolio internally. Achieving a 14.0% return in a complex market environment is a testament to our rigorous investment process and forward-thinking strategies.” LASERS Executive Director Trey Boudreaux said. “Our priority is always to secure the retirement benefits for our members.”

LASERS administers a defined benefit pension plan that covers approximately 100,000 members. LASERS Benefits Louisiana by paying over $1 billion in annual benefits to retirees and their beneficiaries, providing a strong and reliable economic stimulus for the state.

For more information on LASERS investments, visit www.lasersonline.org/investments or contact LASERS Public Information Director Mallory Sharp.