Indiana Public Employees Retirement

Established through legislation on July 1, 2011, Indiana Public Retirement System (INPRS) administers seven different defined benefit plans namely Public Employees’ Retirement Fund, Judges’ Retirement System, Police Officers’ and Firefighters’ Pension and Disability Fund, State Exercise Police, Gaming Agent Control Officer and Conservation Enforcement Officers’ Retirement Plan, Legislators’ Retirement System, Prosecuting Attorneys’ Retirement Fund, and Indiana State Teachers’ Retirement Fund. Conversely, INPRS supervises non-retirement funds composed of Pension Relief Fund, Public Safety Officers’ Special Death Benefit Fund, and State Employees’ Death Benefit Fund.

Country

United States

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$47

Performance (%, 1YR)

2.5

Chief Executive

Steve Russo

Chief Investment Officer

Scott Davis

Chair

Brian Abbott

Asset allocation

20.4% Public Equity

16.4% Private Markets

19% Fixed Income - ex Inflation-linked

14.2% Fixed Income - Inflation-linked

9.3% Commodities

8.1% Real Assets

6.6% Absolute Return

20.4% Risk Parity

0.1% Cash & Cash Overlay

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website

Indiana’s new asset allocation

Indiana PRS’ five-year asset liability study has resulted in a newly approved target rate of return that CIO Scott Davis dubs one of the most realistic in the country, and a radically different asset allocation. Next on the agenda is a research project examining the fund’s sources of alpha which could have big implications for how it works with managers.

Fiduciary investor think tank – delegate profile

Three finance professors from Stanford University presented their latest papers on active management, private equity and financial regulation, which were debated and work-shopped by US institutional investors in a one-day investment think tank. Chief investment officers from US public and corporate pension funds, endowments and foundations convened at Menlo Park, the home of Stanford University, […]

Indiana PERS benefits from autonomous decision making

An extensive education and relationship building experience has resulted in the board of the $14 billion Indiana PERS fully outsourcing investment decision making to the executive staff. Amanda White spoke to executive director Terren Magid about the benefits of autonomous, and quick, investment decisions, particularly in relation to alternatives. Sponsored Content