The Virginia Retirement System reports its investment portfolio topped $100 billion for the first time in its history in fiscal year 2021, and it was largely thanks to the surging stock market.
Virginia’s pension account gains were similar to those reported by the Maryland State Retirement System.
For fiscal 2021, which ended June 30, VRS investments had an annual return of 27.5%, net of fees, pushing its portfolio total to $101.8 billion, or $20.2 billion more than it ended fiscal 2020. VRS investments in publicly traded stocks saw an annual fiscal year return of 41%. Its private equity investments saw an annual return of 54.1%.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
