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The Boston Globe

Business

Mass. pension fund gains 12.7 percent

Results improve along with rise in markets

The Massachusetts state pension fund reported a 12.7 percent investment gain for the fiscal year ended June 30, officials said Tuesday, up from a loss of 0.1 percent the prior year.

Buoyed by rising markets, the fund ended the year with $53.2 billion in assets, a record year-end figure, after adding $6.2 billion in value. The pension fund has rebounded significantly from 2009, when its assets plunged below $39 billion in the financial crisis.

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