NJ pension returns 10.7 percent in 7 months

New Jerseys public-pension fund, the 12th-largest in the U.S., returned 10.7 percent in the first seven months of the fiscal year as stocks surged.

By Elise Young | Updated on March 19, 2014

March 19 (Bloomberg) — New Jersey’s public-pension fund, the 12th-largest in the U.S., returned 10.7 percent in the first seven months of the fiscal year as stocks surged.

The fund, with a market value of $76.5 billion, reported today that global-growth assets performed best, gaining 15.1 percent from July 1 to Feb. 28. The Standard & Poor’s 500 Index of U.S. stocks rose 30 percent in 2013, ending the year at an all-time high.

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