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The Boston Globe

Business

Mass. state pension fund strong in 2012

Investments outpace S&P 500 benchmark; performance led by global stocks

The Massachusetts state pension fund performed even better than a strong stock market and added nearly $5 billion to its assets in 2012, rebounding from flat investment results the previous year.

The $51.9 billion pension fund posted a gain of 13.9 percent on its investments for last year, state officials said Tuesday. The broad Standard & Poor’s 500 stock index rose 16 percent in 2012. The Pension Reserves Investment Management board, which oversees the state fund, said its return outpaced an internal benchmark by 0.84 percent.

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