Hawaii Public Pension Fund Value Up More than 8%

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Good news on the pension front today.

Our Moneyblog reports:

The value of Hawaii’s public pension fund was up to $11.5 billion at the end of March — up more than 8 percent from the previous quarter, according to the latest performance report.

The Hawaii Employees’ Retirement System posted a gain of $814.4 million for the three months ending March 31, thanks to strong returns on its equity investments.

“Equity markets soared in the first quarter of 2012, turning in the strongest quarter since the initial rebound from the credit crisis in med-2009,” the report said. “The ERS portfolio produced positive absolute results in four of the last five 12-month periods ending March 31.”

The fund’s quarterly performance placed Hawaii in the 33rd percentile among comparable public funds with assets of more than $1 billion, the report said.

Here are a few pages from the report, which should be posted to the ERS website this week.

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