TRSL earns double-digit return
The Teachers' Retirement System of Louisiana (TRSL) ended the fiscal year with a 13.4 percent return on its investments and an asset market value of $14.7 billion.
This performance places TRSL in the highest quartile of pension plans with assets greater than $1.0 billion, according to the Wilshire Trust Universe Comparison Service (TUCS).
"Our fund grew 13.4 percent over the past year due chiefly to the performance of our U.S. stock portfolio," said Philip Griffith, TRSL chief investment officer.
Over the past 25 years, TRSL has averaged an 8.9 percent annualized market rate of return.
