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The Massachusetts state pension fund posted a 15.2 percent investment gain for 2013, as strong markets helped the fund’s managers add $7.9 billion to the retirement accounts of public employees.
US stocks were the strongest performers, climbing 33.7 percent, followed by private equity, which rose 21.1 percent.
“This was an outstanding year that capped five really strong years,” Michael Trotsky, chief of the Pension Reserves Investment Management board, said at a meeting of the fund’s investment committee Tuesday.
Last year marked the end of five full years since the 2008 financial crisis hit, rocking global markets and lopping off more than one-quarter of the fund’s value. Today, the fund again has a record level of assets, at nearly $58 billion. But Trotsky is mindful that after a five-year rebound, he has to prepare for a possible future downturn.