Board realizes investment boost

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The fund that pays retirement benefits for retired teachers and education employees netted $2.34 billion

By Special to the Monitor

ALBUQUERQUE – Investments by the New Mexico Education Retirement Board realized an impressive 40.4 percent return for the 12 months ended March 31, netting $2.34 billion for the fund that pays retirement benefits for retired teachers and education employees.

The fund grew from $6.21 billion on March 31, 2009 to $8.55 billion on March 31, 2010, and ranked in the ninth percentile of the Public Funds over $1 billion universe, according to NEPC, the Fund’s advisor.

In other words, the ERB Fund performed better than 91 percent of the more than 52 Public Funds in that universe.

During the five-year period ended March 31, 2010, the Fund returned 5.3 percent per annum, ranking in the top 11 percent of its Public Fund peers, a significant improvement over prior five year periods.

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