Pensions
Iowa Public Employees’ Retirement System Returns 9.07% in Fiscal 2024
The fund’s assets grew to $43.61 billion by the end of June.
The reallocation sees the fund increasing its overall investment in private equity by 400 basis points.
Asset value of trust fund falls by more than $2.7 billion to end the year with just over $40.1 billion.
Plans for Iowa, Los Angeles County and two other California counties seek class action standing against Goldman and four others.
Opponents say Kim Reynolds’ administration secretly wants to move IPERS members into hybrid benefit plans.