LAFPP Reports a Return of 13.27% for the Fiscal Year Ending 2016-17
LAFPP is reporting a return of 13.27% for the fiscal year ending June 30, 2017. LAFPP assets totaled $20.64 billion at the end of the fiscal year.
The double-digit return earned during this fiscal year was led by LAFPP’s strong performance in the domestic and international equity markets, which generated returns of 19.30% and 22.90% respectively.
The 13.27% return is well above the Fund’s actuarial assumed rate of return of 7.25%, which is the long-term return required to meet current and future obligations for members. Our 10-year investment return is 5.55%, and the 20-year return is 7.28%. We have a long-term investment horizon and use an asset allocation which encompasses a strategic long-term perspective of the capital markets.
LAFPP is one of the largest fire and police pension funds in the U.S. This retirement system administers retirement and health subsidy benefits for nearly 26,000 current and retired public safety employees and their beneficiaries for the City of Los Angeles. More information is available at About LAFPP.