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HONOLULU - The investment portfolio for the Hawaii Employees' Retirement System continues to soar.
The pension fund's trustees have been told the value of the portfolio increased by $945 million during the third quarter. That follows a nearly $700 million gain in the three months ended June 30.
As of the end of September, the pension fund for state and county workers stood at about $9.8 billion.
Neil Rue, a managing director of ERS adviser Pension Consulting Alliance Inc., said Monday that was $108 million less than where it was a year ago as investment markets tumbled.
ERS Chief Investment Officer Rod June says the third quarter was probably one of the best quarters the fund has seen in years.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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