The New Hampshire Retirement System announced today that its investment portfolio had its best year since 1986.
NHPR’s Sam Evans-Brown reports.
The NHRS has released its investment report for last fiscal year, and the news is good.
The retirement system’s fund grew by twenty-three percent, which is only the second time ever that growth has exceeded twenty percent.
Marty Karlon, the system's public information officer, was quick to note that while it was a good year, these numbers won’t have an effect on fund management decisions.
Karlon: We have to take a long term view and look at investment returns over the period of time. Keepin’ your eye on the horizon is the way we look at it.
Karlon was also quick to point out that the fiscal year ended before the debt ceiling debate and the Greek debt crisis.
Since then the market has taken a beating, and next year’s report might not be so positive.
For NHPR News, I’m Sam Evans-Brown