Alternative investments helped the $95 billion pension fund outperform the markets in the most recent quarter, and the fund saw a $7.8 billion gain in the 12-month period that ended September 30.
Officials at the state pension fund expect economic cycles and market downturns will periodically affect their investments and the quarter that ended in September "was one of those periods, unfortunately," the head of MassPRIM said as the agency also confirmed that it has connections to the failed cryptocurrency firm FTX.