Maryland Pension System Earns 6.46% On Investments

BALTIMORE (AP) — The Maryland State Retirement and Pension System says its portfolio returned 6.46% on investments for the last fiscal year.
System officials announced Wednesday that falls short of the system’s 7.45% assumed actuarial return rate.
The fund’s performance raised the system’s assets to $54.2 billion.
That’s an increase of $2.4 billion over the year before.
Chief Investment Officer Andrew Palmer says the system’s returns reflect strong performance