ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, July 13, 1990                   TAG: 9007130303
SECTION: BUSINESS                    PAGE: A7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

VA. PENSION ABOVE JUNE PROJECTION

The state pension fund in 1989-1990 reached $10.7 billion, investment director Timothy Barron said.

Barron told the trustees of the Virginia Retirement System the fund's growth surpassed the projected figure of $10.6 billion by June 30. Last year's total reached $9.4 billion, and it is projected to reach $12.1 billion in 1991.

The board of trustees met Wednesday and today at Royal Orchard Estate in Nelson County to discuss the pension fund's five-year plan.

The present five-year plan focuses on global investments, an opportunistic approach toward real estate and expansion of alternative investments such as in venture capital and oil and gas.

The system also plans to increase investments in foreign countries, Barron said. Only 1.6 percent of VRS equity holdings are in non-U.S. stock. The retirement system plans to bring foreign holdings to 17 percent by 1994. - Associated Press 


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