BOSTON (SHNS) – For the fourth time in a row, the Massachusetts Pension Reserves Investment Management’s main investment fund ended last fiscal year at another record level, swelling to $129.5 billion.
Michael Trotsky, PRIM’s executive director and chief investment officer, said this week that the Pension Reserves Investment Trust (PRIT) fund earned $14.7 billion (a return of 12.7%) and expanded on the high-water mark of $115.4 billion it set a year ago. After paying beneficiaries, the PRIT fund grew by $14.1 billion during fiscal 2026 to reach $129.5 billion as of June 30.
He told the PRIM Investment Committee on Tuesday that it was the fund’s strongest fiscal year return in five years and landed well above its 9% historical average…