Saturday, November 10, 2012 – 08:30 a.m.
San Bernardino County’s pension fund squeaked out a modest return for its first quarter ending September 30.
The San Bernardino County Employees Retirement Association earned 3.30% for the quarter.
The figure is well below the 6.40 returned by the S&P 500 and above the 1.6% returned by the Barclays Capital Aggregate Bond Index.
However the fund is below its target benchmark of 7.75% on a historical basis.
The funds 5-year average annual return is 0.10% and 10-year average annual return is 7.40%.