Arkansas Public Employees Retirement System Tops $14 Billion as April-May Rebound Erases $216 Million Slide
Updated
Updated · Arkansas Online · Jun 3
Arkansas Public Employees Retirement System Tops $14 Billion as April-May Rebound Erases $216 Million Slide
1 articles · Updated · Arkansas Online · Jun 3
Summary
$14.003 billion on Tuesday marked the first time the Arkansas Public Employees Retirement System's investments crossed the $14 billion threshold, after standing at $13.9 billion on May 30.
A 13.11% fiscal-year return through April helped drive the rebound after the portfolio fell to $12.9 billion on March 31, down about $216 million for the quarter as March losses followed the U.S.-Israel conflict with Iran.
More than 80,000 working and retired members are covered by the system, Arkansas' second-largest public retirement fund behind the teacher system, which officials said has also moved above $25 billion this year.
Separately, the board is negotiating a 2- or 3-year extension on its 43,000-square-foot Union Plaza lease, which costs about $1 million annually, while continuing a 2 1/2-year search for a building to buy in downtown Little Rock.