Houston Police Officers reports 7% return for fiscal year
Houston Police Officers' Pension System posted a preliminary net return of 7% for the fiscal year ended June 30. The $7.1 billion pension fund's return fell short of the benchmark return of 7.3% for the period, according to an investment update on its website. Annualized returns for the three, five and 10 years ended June 30 were not provided. The pension fund had posted a net loss of 1.3% for the fiscal year ended June 30, 2022. The latest fiscal year's improvement over...