The $13 billion Chicago Teachers’ Pension Fund announced a record net return on investments of 28.69% for the fiscal year ending June 30, 2021.
The system handily exceeded its 6.75% investment assumption and is among numerous public pension plans announced gains just shy of exceeding 30% annualized. Many pension plans attributed their gains to private capital allocations, but in the announcement the pension system didn’t break out the gains by asset class.
"The record returns combined with leadership changes at the Fund reflect our strength and an upward trajectory for the Fund . . .
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.