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Massachusetts state pension fund sees record-breaking returns, reaches all-time high of $86.9 billion
Updated Feb 02, 2021;
By Colin A. Young | State House News Service
Following market volatility and uncertainty at play through much of the first half of 2020, a strong second-half performance for the Massachusetts state pension fund the largest six-month return in its 37-year history helped drive the fund up to an all-time high of $86.9 billion by the end of 2020.
The Pension Reserves Investment Trust (PRIT) Fund saw a return of 16.4 percent from July 1 through Dec. 31, outperforming its benchmark for that period of 12.5 percent. That topped the record for a half-year return of 15.7 percent that had stood since June 1986, officials said Tuesday.
Colin A. Young
Following market volatility and uncertainty at play through much of the first half of 2020, a strong second-half performance for the Massachusetts state pension fund the largest six-month return in its 37-year history helped drive the fund up to an all-time high of $86.9 billion by the end of 2020.
The Pension Reserves Investment Trust (PRIT) Fund saw a return of 16.4 percent from July 1 through Dec. 31, outperforming its benchmark for that period of 12.5 percent. That topped the record for a half-year return of 15.7 percent that had stood since June 1986, officials said Tuesday.
For the full calendar year 2020 a year that saw volatility rock financial markets as the pandemic first took hold before they stabilized and some indices set new records the PRIT Fund produced a return of 12.1 percent, beating its benchmark of 10.8 percent.
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