Baton Rouge - The Louisiana State
Employees’ Retirement System (LASERS) announced today
that it has seen a 12.4 percent return on its
investments for the quarter ending September 30,
2009, with ending assets of $7.6 billion. For the nine
months ending September 30, 2009 the
fund has returned 18.6 percent, and its seven year
annualized return is 8.3 percent.
Since the low point in the market at the end of February
2009, LASERS assets have increased by
over $1.7 billion. “These numbers indicate that our stay
the course strategy is working,” says
LASERS Executive Director Cindy Rougeou.” “LASERS is a
long term investor that never
overreacts to any one year market return.”
Chief Investment Officer Bobby Beale added “2008 was
obviously a difficult time in the
markets; however, LASERS withstood the downturn quite
well. More importantly, our
investments were positioned to participate in the strong
recovery of the markets. We will
continue to monitor the markets closely, and make any
adjustments to our portfolio that we
deem necessary.”
For more information, please contact Robyn Ekings at
225.925.7590 or
rekings@lasersonline.org
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